📉 $TRB in a Downward Spiral – What's Next?

Current Price: ~$35.20 (check live chart for accuracy)

24h Change: -4.9%

Tellor ($TRB) continues to trade under heavy bearish pressure, losing key support zones and struggling to hold momentum.

🔍 Technical Breakdown:

Trend Direction: Clearly bearish — lower highs and lower lows on 4H and daily charts

Support Levels:

• $30.50 (next major support)

• $25.00 (if breakdown continues)

Resistance Zones:

• $30.00 (immediate barrier)

• $40.00 (trend reversal confirmation)

📉 Volume is drying up, and momentum indicators (RSI, MACD) are still pointing down.

⚠️ Bearish Signals:

Rejected from 50-day moving average

No bullish divergence yet

Breakdown from a symmetrical triangle last week accelerated the drop

🧠 What to Do?

Scalpers: Possible bounce plays near $38,but risky

Swing Traders: Wait for clear reversal signs or break back above $40.

Long-term Holders: Watch if $TRB can stabilize above $45–50support.

Stay cautious — TRB is in a correction phase, and bottom is not confirmed yet.

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