Fundamental analysis:

Tellor is a decentralized oracle protocol that connects smart contracts with external data.

$TRB

In the DeFi world, smart contracts need external data (like BTC/USD prices), and this is where Tellor comes in to provide this data reliably and decentralized.

What distinguishes Tellor:

• Open-source protocol, allowing anyone to become a data provider (Reporter) without permission.

• Incentive mechanism based on TRB rewards and slashing techniques to penalize incorrect data.

• Operates on multiple networks such as Ethereum, Polygon, and Algorand.

• Founded by an American team including Brenda Loya (former economist at the US Department of Labor), Nick Fett, and Michael Zemrose.

Technical analysis (through the image):

• Current price: 31.94 USDT

• Current resistance: EMA(100) at $33.47

• Strong support: EMA(50) at $30.93

• Recent previous high: $38.54

• Significant fluctuation between 31 and 33 with a false breakout of resistance.

Performance indicators:

• Weekly performance: +3.39%

• Annual performance: -50.04%

• Daily trading volume: 47.89 million USDT

• Circulating supply: only 2.66 million TRB (low supply = greater potential for pump)

Is the currency undervalued?

Despite its drop from $600 to $30, the currency's economic model is strong, and the number of circulating coins is low, giving it the potential for rapid increases if market appetite grows.

$TRB

Summary:

Tellor is a real and effective project in the oracle space, but it is currently experiencing clear selling pressure. A breakout of resistance at $33.5 and stability above it could bring momentum back towards $38 then $45. Meanwhile, a break below $30 could bring us back to levels of $27.5 then $25.

Alert:

Any trade carries risk. This is not investment advice but an analysis based on the available data.

#TRB #Tellor #CryptoAnalysis #DeFi #Blockchain #Technical_Analysis #تحليل_أساسي