Tellor (TRB) Eyes the $30 Mark

The price of the Tellor token has risen by a notable 11.50% as of the time of writing. Price action is now well-positioned for continued upward movement based on emerging technical indications. Let’s break down the token’s market behavior below.

TRB Statistics

Current Price: $28.35

Market Capitalization: $79.84M

Circulating Supply: 2.72M

Total Supply: 2.8M

CoinMarketCap Rank: 344

Key Levels

Resistance: $30, $35, $40

Support: $25, $20, $15

Tellor Takes a Leap

The ongoing session on the TRB/USDT daily chart suggests buyers are rebounding strongly from a key support level. The latest price candle is a large green candle forming above the support established around the 9-day Exponential Moving Average (EMA).

Likewise, the Stochastic Relative Strength Index (SRSI) has produced an upward crossover just below the indicator range. The lead line has now pushed above the 80 level, reinforcing the growing bullish momentum.

TRB Bulls Focus on Higher Marks

On the Tellor 4-hour price chart, bullish momentum remains firmly intact. Upward pressure has continued across the past three sessions, accompanied by significant price movement. The most recent candle also stands above the 9-day EMA curve.

Additionally, the SRSI indicator lines maintain a strong upward slope. The widening gap between the lead and lagging lines signals dominant bullish strength.

Given this setup, traders may consider setting their next target at the $30 price level.

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