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Tellor price prediction: TRB price rises over 530%

 


The TRB price has risen sharply over the past six weeks and has risen by more than 530% since the low in May at around USD 6.9.


Tellor price increases over 530% in a few weeks

Tellor price has surged in recent weeks, posting a gain of more than 530% since bottoming out at around $6.9. The MACD in the weekly chart is also clearly bullish, because the histogram is ticking bullishly higher and the MACD lines are bullishly crossed. The RSI is gradually reaching overbought regions, but is giving neither bullish nor bearish signals.


If Tellor price corrects now, it could correct to the 0.382 Fib level around $30. There is also key horizontal support and the 50-week EMA.


Tellor price still has around 18% to go before resistance

A golden crossover has now established itself in the daily chart, which confirms the bullish trend in the short to medium term. The Tellor price still has around 18% upside until it hits the golden ratio resistance at around USD 52. If the TRB rate gets a bearish rejection there, it could correct to the 0.382 Fib level at around USD 35.5 or even to the golden ratio at around USD 24.5.


The MACD lines are still bullishly crossed, but the histogram of the MACDs has been ticking bearishly lower for a few days. Also, the RSI could be building a bearish divergence.


Will Tellor price rise to ATH?

If the TRB price breaks the golden ratio resistance around USD 52, it could rise to the ATH around USD 80.


Against BTC, the TRB price even rose over 620%

Against BTC, TRB has even surged over 620% since bottoming out around 0.0002577 BTC. This means that the TRB course against BTC is on an ATH.


In addition, the histogram of the MACDs in the weekly chart has been ticking bullishly higher for weeks and the MACD lines are also bullishly crossed. The RSI is neutral and gives neither bullish nor bearish signals.


Should the TRB rate correct now, it will find significant support at the Fibonacci levels around 0.00125 and 0.00085 BTC.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action that the reader takes based on the information found on our website is entirely at their own risk.

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