$TRB 📊 Tellor (TRB) Market Snapshot

• Current Price: $48.92 USD

• 24h Change: -3.79 (-7.19%)

• 24h Range: $48.87 – $54.86

• Market Cap: Approximately $74.15M

• 24h Volume: $24.08M

• Circulating Supply: 2.65M TRB

• All-Time High: $602.98 (Dec 31, 2023)  

⸻

📉 Technical Indicators

• Relative Strength Index (RSI): 36.91 (indicates a ‘Sell’ signal)

• Commodity Channel Index (CCI): -91.67 (Neutral)

• Moving Averages:

• SMA (10): $44.09 (Sell)

• SMA (50): $70.23 (Sell)

• SMA (100): $65.71 (Sell)

• SMA (200): $47.21 (Sell) 

Note: Technical indicators suggest a bearish trend. Investors should exercise caution and conduct their own research.

⸻

🔮 Price Predictions

• 2025 Forecast:

• Average: $44.70

• High: $90.20

• Low: $12.00

• 2030 Forecast: Up to $203.00 

Predictions vary widely; market conditions and project developments will influence future prices.

⸻

🐋 Whale Activity & Token Distribution

• Whale Holdings: Top 100 holders control approximately 96% of TRB supply.

• Recent Activity: Significant withdrawals from Binance by whale addresses have been observed, potentially impacting price movements.  

High concentration of holdings may lead to increased volatility.

⸻

🔗 Project Developments

• Lair Project: Audit completed; testnet for validators expected soon, with live deployment aimed for Q3/Q4 2024.

• Technological Advancements: Exploring integration of Tendermint Light Client Bridge with zero-knowledge proof. 

Continued development efforts aim to enhance Tellor’s oracle solutions.

⸻

⚠️ Risk Considerations

• Market Volatility: TRB experienced a sharp decline from its ATH of $602.98 to current levels, highlighting potential risks.

• Whale Influence: High concentration of token holdings may lead to price manipulation. 

Investors should remain vigilant and consider diversification to mitigate risks.

⸻

Disclaimer: This report is for informational purposes only and does not constitute financial advice always DYOR.