Tellor (TRB) Minimal Gains Keep Bullish Sentiment Intact

Tellor (TRB) has emerged as the second most profitable token on today’s top crypto movers list, recording a modest 2.03% increase. Despite the limited price advance, the token continues to hold above critical technical levels, keeping bullish momentum alive.

TRB Market Statistics

Current Price: $34.14

Market Capitalization: $92.23M

Circulating Supply: 2.71M

Total Supply: 2.78M

CoinMarketCap Rank: —

Key Price Levels

Resistance: $36.00, $38.00, $40.00

Support: $34.00, $32.00, $30.00

TRB Upward Retracement Slows Near $35

TRB staged a strong rebound from the lower band of the Bollinger Bands (BB) indicator, reflecting renewed buying interest. However, the most recent price candle appeared smaller than the prior session’s, signaling slowing momentum even as the token edged closer to the middle band of the BB.

Momentum indicators remain constructive. The Stochastic Relative Strength Index (SRSI) has delivered an upside crossover just below the 50 level, with both lines pointing upward. This suggests that bullish activity remains intact and could extend toward higher resistance levels in the short term.

Tellor Encounters Resistance at a Key Barrier

On the 4-hour chart, TRB has shown a sharp rise after breaking out of consolidation around $32.00. Yet, the latest price candle is visibly smaller than its predecessor, despite retesting resistance at the upper band of the Bollinger Bands.

Meanwhile, the SRSI has climbed deeper into overbought territory, with the lead line reaching the 100 mark. This, coupled with the weakening candle size, points to a potential loss of bullish momentum. Traders should exercise caution, as a short-term pullback toward $32.00 is possible before the market attempts to challenge higher resistance near $38.00.

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