#bullish

Tellor (TRB) Price Prediction 2024

07.05.2024

⏱️20sec

The chart indicates Tellor (TRB) moving upward diagonally, potentially signaling a reversal in the highlighted fluctuation. A consolidation phase might ensue, with #TRB gradually declining to Fibonacci correction level 1 before rebounding.

If this scenario unfolds, TRB could reach $340, although it may test Fibonacci levels 0.786 and 0.618 during the ascent. Thus, Fibonacci level 1 becomes an entry point, with levels 0.786 and 0.618 serving as take-profit targets for short-term buyers.

Conversely, a drop below Fibonacci level 1 suggests bearish dominance, prompting long position holders to consider a stop-loss near this level. Further decline could see TRB seeking support at $75, potentially dropping to $31 if this support fails.

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