Current Forecast:
Short-term Prediction: The price of Tellor (TRB) is expected to decrease by -7.27%, reaching approximately $0.00 by July 21, 2024. Despite this, technical indicators show a bullish sentiment, supported by a Fear & Greed Index score of 63 (Greed). Over the past 30 days, Tellor has had 16/30 (53%) green days with a price volatility of 7.49%, suggesting it might be a good time to buy.
2025 Price Prediction:
Low Estimate: $106.01High Estimate: $132.35Potential Gain: Up to 19.02% from the current price if the upper target is reached.
Technical Analysis:
General Sentiment (as of June 21, 2024): Bullish, with 28 indicators signaling bullish trends and only 1 indicating bearish trends.200-day Simple Moving Average (SMA): Expected to decrease to $0.00 by July 21, 2024.50-day SMA: Also expected to hit $0.00 by July 21, 2024.Relative Strength Index (RSI): Currently at 46.59, indicating a neutral market position.
Short-Term Forecast:
Next 30 Days: Tellor is projected to trade at $112.96 by June 28, 2024, which is a -2.80% decrease.This Week: Expected to trade between $116.21 and $117.99, with a potential 1.52% increase by June 24, 2024, if it reaches the higher target.Next Week: Forecasted to trade between $110.46 and $117.99, with a possible -6.38% decrease by July 1, 2024, if it reaches the upper price limit.
In summary, while the short-term outlook for Tellor (TRB) shows a potential decline, the long-term forecast up to 2025 suggests a possible significant increase in value, making it a potentially lucrative investment if the upper price targets are met.