Based on the presented charts for the asset TRB (Tellor):
Current support and resistance levels:
The chart shows a strong support zone around the level of $44.94–$50.92, which has historically held the price from falling.
The resistance level is located at $109.87, which corresponds to a growth target of 104.42% from the current levels.
Technical indicators:
Ichimoku Indicator: The price is trading below the cloud, indicating a downtrend. To confirm an uptrend, it is necessary to break through the cloud and establish a position above it.
Bollinger Bands: The expanded bands indicate recent volatility, while the price approaches the upper band, which may signify a short-term increase.
Parabolic SAR: SAR points below the candles are a signal for a potential upward reversal, but stable trend confirmation is needed.
EMA and SMA: The moving averages 7, 25, 99, and EMA 10 indicate levels of $60.69 – $62.23, which serve as additional local resistances.
Volumes and trend lines:
The descending trend line established from the highs is still relevant. The price attempted to break it, but a convincing close above is necessary to confirm a trend reversal.
If the price can establish a position above $80.46, there may be an acceleration to the next resistance level at $109.87, supported by potential buying volume.
Long-term prospects:
The level of $109.87 is the first significant target for bulls. If this level is surpassed, the next target may be closer to the level of $150.
If the price breaks the support zone of $44.94, this will indicate a continuation of the bearish trend and the risk of falling to levels of $30 and below.
Conclusion: If the bullish sentiment persists, TRB may reach the level of $109.87, but it is necessary to break through and establish a position above key levels.
