Tellor (TRB) is a decentralized oracle network that enables smart contracts to securely access off-chain data. As of January 5, 2025, TRB is trading at approximately $66.75, reflecting a slight decrease of about 2.28% over the past 24 hours.
Technical Analysis:
Moving Averages: Technical indicators suggest a strong buy signal for TRB, with both short-term and long-term moving averages indicating bullish momentum.
Oscillators: The Relative Strength Index (RSI) is currently at 64.713, which is below the overbought threshold, indicating potential for further upward movement.
Recent Performance:
Weekly Performance: Over the past week, TRB has experienced a slight decline of approximately 1.11%.
Monthly Performance: The past month has seen a more significant decrease of about 17.75%.
Yearly Performance: Over the last year, TRB has decreased by approximately 51.92%.
Market Capitalization and Supply:
Market Cap: Approximately $176.9 million, ranking TRB at #356 among cryptocurrencies by market capitalization.
Circulating Supply: Around 2.6 million TRB tokens.
All-Time High and Low:
All-Time High: TRB reached an all-time high of $595.70 on January 1, 2024, indicating a significant decline of about 89.22% from that peak.
All-Time Low: The all-time low was $1.11 on November 19, 2019, showing substantial growth since then.
Conclusion:
While TRB has experienced notable volatility over the past year, current technical indicators suggest a potential bullish trend. However, the cryptocurrency market is highly volatile, and past performance is not indicative of future results. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.
