Tellor (#TRB ) reached from approximately 10 USDT to 49 USDT with the upward movement that started on August 26. Although the reason behind this upward movement has been expressed in many different ways by many different investors, it is known that there is no definitive reason. Let's see what the technical chart says for #Tellor (TRB), which has attracted many people who say "it has risen too much, let me short it".

The chart below shows the daily price movements of Tellor (TRB).

Tellor (#TRB ) continues its upward trend, which started at 9.95 USDT levels on August 25. Although the number of short positions was very high for a while, it continued to rise, unlike those investing in short positions in the market. It increased by more than 470% in just 40 days.
When we look at the technical graph, we can see that a structure similar to the bowl structure is formed. It broke this structure and formed a strong daily candle after closing above it. This confirms the continuation of the upward trend in the chart.

Tellor (TRB), an emerging Ethereum-based oracle network, has seen a remarkable surge of nearly 1000% in value in under two months, surpassing the performance of many other altcoins.The increased activity within Tellor's network suggests genuine growth, free from market manipulation, underlining its potential.Notably, large-scale investors (whales) are showing a keen interest in Tellor, with substantial purchases over the past week.Tellor stands poised to establish itself as a prominent contender in the Oracle market, boasting numerous advantages over its competitors.

Oracles serve as bridges between the outside world and blockchain networks, facilitating data integration for DeFi protocols like PancakeSwap, Curve, and others. These protocols rely on external information, such as real-time cryptocurrency prices and trending NFTs, to function effectively. At present, Chainlink stands as one of the most widely recognized blockchain oracles.
However, a relatively new player is emerging, challenging Chainlink's dominance in the space. Recent reports suggest that Tellor (represented by $TRB ), a network from the Tellor ecosystem, is posing a substantial competition to Chainlink.
Tellor is an Oracle network that specializes in providing secure and reliable data feeds for smart contracts. Over the past few months, Tellor (TRB) has experienced a remarkable surge in its price, increasing by almost 1000% in less than two months. This surge is accompanied by a surge in network activity, suggesting that Tellor's growth is genuine and not subject to manipulation.
Intriguingly, whales, prominent cryptocurrency investors, have started showing interest in Tellor, engaging in significant purchases for more than a week.
According to Santiment, Tellor's price has witnessed a remarkable growth of over 832% since July this year, with its network activity steadily increasing. Metrics like unique active addresses and newly created addresses have seen substantial upticks, indicating a growing user base for the Tellor network.
This impressive performance has propelled Tellor to approximately the 105th position in terms of market capitalization, with the altcoin market exhibiting strong momentum.
Notably, Tellor is not the only altcoin that has performed well recently. In October, while Bitcoin made significant moves, some altcoins, including Chainlink (LINK), Polygon (MATIC), Aptos (APT), and Aave (AAVE), demonstrated substantial gains compared to Bitcoin.
At the time of writing, Tellor (TRB) is trading at $87.90, a remarkable increase from its value of about $9.83 just two months ago. While this growth is impressive, it still has some way to go to reach its all-time high of $161.12, achieved in May 2021. It's an exciting time for Tellor and the broader altcoin market as they continue to show resilience and growth amidst the dynamic crypto landscape.

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