The recent price of TRB has fluctuated dramatically, with a single-day increase of 72% to $55 on May 28, followed by a pullback to $40.80, a 94% drop from the historic high of $602.77. There are significant discrepancies in data across different platforms, with CoinGecko showing $121.74 and CoinMarketCap at $28.00. The technical indicators show that RSI is oversold <30, but MACD remains negative. Support levels are at $0.1963-$2.0, and resistance levels are at $0.2359-$2.0. The 4-hour candlestick shows a large bearish bar with shrinking volume. On-chain data indicates that large addresses have increased their holdings by 18% over the past 30 days, and net outflows from exchanges have increased. However, on May 28, two whales deposited 226,700 TRB to OKX, accounting for 8.42% of the total supply, which may trigger selling pressure. The total market cap is only $74.28 million, indicating liquidity risk.

The TellorLayer upgrade plan will transform TRB into a native token of the L1 chain. The testnet was upgraded on May 22, and the mainnet deployment is in countdown. If successful, it may replicate the value reassessment of Chainlink. The demand for DeFi oracle markets continues to grow, and Tellor, with its fully decentralized characteristics, is expected to capture a share in the $20 trillion ecosystem. However, uncertainties in technology implementation, tightening regulations in China and the U.S., and the ecological barriers posed by competitors like Chainlink pose significant risks. In the short term, if it breaks through the resistance level or rebounds to $50-$70, and in the long term, if the upgrade is successful, the price may reach $100-$200, with some institutions predicting it could reach $86-$496 by 2025.

In terms of operation, it is advised to control the position within 5%, set a stop loss at 20%, pay attention to support level pullbacks and volume expansion signals for light entries, and take profit when rebounding to resistance levels and RSI is overbought. Key tracking of the mainnet progress in July is essential. Be wary of the risk of whale control, with 95% of chips concentrated and high volatility. Avoid leveraged trading and diversify allocation to mainstream assets. Recently, Binance removed the TRB/FDUSD trading pair, affecting liquidity, but institutional addresses have continued to increase their holdings during the sell-off, indicating a long-term bullish outlook.

The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like and comment, let's navigate the bull market together and seize the great opportunities this round.