Key Support and Resistance Levels for Tellor (TRB) in June 2025:
Resistance Levels:
$44.83: Identified as immediate resistance and a primary target for bullish momentum.
$47.36: A significant resistance level; a close above this could signal further upward movement.
$55.00: A recent high that bulls aim to surpass to continue the rally.
Support Levels:
$41.50–$42.00: Considered an optimal entry zone with downside protection.
$40.56: A key support level; falling below this may indicate further downside.
$39.00: A critical support level; a drop below this could lead to increased selling pressure.
Technical Indicators:
50-Day SMA: Approximately $33.10, indicating a bullish short-term trend.
200-Day SMA: Around $43.47, suggesting a neutral to slightly bullish long-term trend.
14-Day RSI: At 55.80, indicating neither overbought nor oversold conditions.
Market sentiment is currently neutral to slightly bullish, with the Fear & Greed Index at 64 (Greed).