📊 Is TRB preparing for a major move? Technical analysis reveals exciting signals
Tellor (TRB) has seen a noticeable decline in recent days, with its price dropping to around $37.
Does this represent a buying opportunity? Or is the drop not over yet? Here’s a quick technical glance.
✅ Current Technical Analysis:
Price is fluctuating around $37
Nearby resistance: $41.5
Next support: $34.2
RSI indicator in the oversold region below 30
Trading volume has decreased by 8% over the last 24 hours
✅ Influential Factors:
Volatility in the altcoin market
Moderate activity from whale wallets (non-aggressive buying movements)
No substantial news has been released about the project recently
🔚 Conclusion:
The current drop may provide a short-term rebound opportunity, especially if the price stabilizes above the $34.2 support.
With the RSI in the oversold zone, some traders may be watching for a good entry point.
📩 Do you see TRB as a current opportunity? Or is waiting a better option? Share your opinion with me.