🧠 $TRB /USDT Technical Analysis (1H Chart)

Support Retest or Bull Trap? Here’s What to Watch 👇

Tellor (TRB) has recently completed a strong upward move, tapping the $54–$55 resistance before pulling back. Currently, price action hovers around $51.14, slightly below the short-term 7-period moving average (MA7), which signals potential short-term weakness.

🧩 Key Observations:

🔹 MA Crossover Zone:

MA7 ($52.44) and MA25 ($52.35) have started to curve downward.

Price is struggling to hold above both, suggesting bulls are losing short-term momentum.

🔹 Support Levels to Watch:

Immediate support sits at the $50.00–$49.80 range.

A break below this level could invite a retest of the MA99 ($44.86), a critical long-term moving average that previously acted as a launchpad.

🔹 Volume Spike with Rejection:

Recent volume surge near $54 suggests strong selling pressure (long upper wick).

This could indicate a short-term bull trap unless bulls reclaim MA7 and consolidate above $52.50.

⚔️ Bullish Scenario:

A clean break above $52.50 with solid volume would invalidate the bear case.

This opens the door for a retest of $55.00, and potentially $58.00–$60.00 range in a continuation push.

⚠️ Bearish Risk:

Failing to reclaim short MAs = potential dump back toward $46–$44 zone.

Loss of $44.86 (MA99) would confirm a trend reversal on this timeframe.

🔍 Summary:

TRB is at a critical inflection point. Bulls must reclaim $52.50 soon — otherwise, a deeper retracement is likely. Short-term caution, long-term opportunity if support holds.