Tellor (TRB) is currently trading at $48.32, with a 4.52% increase in its value over the last 24 hours. Given its recent momentum, reaching the $100 target might be ambitious, but let's break down the possibilities.

*Key Factors Influencing TRB's Price:*

- *Decentralized Oracle Protocol:* TRB's role in providing essential data feeds to blockchain and smart contracts is crucial. As blockchain technology evolves, the demand for oracles like TRB may increase, driving up its value.

- *Community and Development:* A strong community and ongoing development efforts have contributed to TRB's growth. Continued support from long-term investors and developers will be vital for sustaining its momentum.

- *Market Sentiment:* Short-term traders have driven TRB's price rally, with a 2,096% increase in short-term trader wallets over the past month. However, long-term holders have been selling, which might impact the sustainability of the rally.²

*Technical Analysis:*

- *Resistance Levels:* TRB is attempting to break through key trendline resistance. A confirmed breakout could trigger a 15-30% increase in the short term.

- *Support Levels:* The $20 mark is a crucial support level, with a large cluster of TRB holders entering the market at this price. A supply squeeze could trigger a rebound if exchange reserves remain low.³

*Conclusion:*

While reaching $100 might be challenging, TRB's current momentum and strong fundamentals make it an interesting asset to watch. Its ability to sustain growth will depend on various factors, including increased demand for oracles, community support, and market sentiment. Keep an eye on TRB's technical indicators and market trends to gauge its potential for future growth.