📊 Current Price Context
As of this writing, Tellor (TRB) is trading around $32.0, having climbed roughly 20% over the past week and bounced off the $30 area, which has acted as support for CoinGeckoTradingView.
🛑 Key Resistance: $35
Horizontal Supply Zone: Around $35the a you see multiple daily candles with upper wicks, showing sellers stepping in each time price approached that level over the last 3–4 weeks.
Psychological Round Number: $35 is a natural “stop‐and‐think” point for many traders, which often means stiffer resistance.
A clean close above $35 on daily timeframe—preferably on higher-than-average volume—would be your technical signal that the path is clear toward the next supply zone.
📈 Breakout Targets: $40–45
If $35 gives way, two common ways to estimate the upside:
Measured Move ascending triangle of the Triangle
Price formed a small ascending-triangle between ~$28 and $35 (a height of ~$7).
Add that to the breakout point ($35 + $7 ≈ $42) → right in the middle of your $40–45 zone.
1.618 Fibonacci Extension
Take the swing low ($20) to the swing high ($35): 1.618 × 15 ≈ 24.3; add to $20 → ~$44.3, again lining up nicely in the $40–45 area.
⚙️ Supporting Technicals
RSI (14-day) sits near 60, comfortably below overbought (<70)The and still room to run.
Moving Averages:
50-day MA is near ~$29 and has been rising.
200-day MA around ~$24 continues to slope up, putting the long-term trend in your favor.
🚨 Risk Management:
Watch Volume on the breakout: lackluster volume → higher chance of a false break.
Stop-Loss suggestion: a daily close back below ~$33.50 would invalidate the breakout edge.
Always position‐size so that a stop-out doesn’t exceed your maximum risk tolerance.
Bottom line:
TRB is coiling just below firm resistance at $35. A decisive, high-volume close above that zone would open up a measured-move target in the $40–45 range. But as always, wait for clean confirmation, manage your risk, and stay tuned to overall crypto market sentiment.