๐ง๐ฅ๐ ๐๐ผ๐ถ๐ป ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ป๐ฎ๐ฝ๐๐ต๐ผ๐! , $TRB /USDT is trading at $68.32 on Binance, down 3.45% today with a 24-hour range between $71.25 and $66.87! ๐ The 1-day chart shows a recent 1.12% dip, with TRB struggling to reclaim mid-May highs near $75, despite a steady trading volume of 87.54M USDT and 1.28M TRB. ๐น The Volume SMA at 0.214M reflects consistent market activity, indicating a consolidation phase amid broader market dynamics.Technical Insights
The candlestick pattern shows a series of red bars over the past few days, signaling bearish momentum after TRB failed to break above the $72 resistance earlier this week. Key support is forming around $66, aligning with the 24-hour low, while the next resistance at $70โa psychological level from early Juneโcould be tested if buying pressure returns. ๐ช The 50-day SMA is trending at $69, acting as a near-term resistance, while the 200-day SMA at $65 supports a longer-term uptrend. The Relative Strength Index (RSI) is at 45, indicating slightly oversold conditions, which could hint at a potential bounce if volume picks up. A break below $66 might push TRB toward $64, a support level from late May, whereas a move above $70 could target $75, aligning with its mid-May peak. ๐Market Sentiment
Tellor (TRB), a decentralized oracle network token that provides off-chain data for smart contracts, is facing short-term pressure. Sentiment on X is mixed: some users highlight TRBโs utility in DeFi and its recent partnerships boosting adoption, while others note bearish trends with a 7% weekly decline, citing profit-taking and broader market consolidationโBitcoin at $109,682.10 and Ethereum at $2,570.20. ๐ก The current dip may reflect market-wide altcoin corrections, but the steady volume suggests underlying interest.
