Despite whale selling (TRB), the price remains resilient and can be watched 🔥🔥🔥

Amid a series of notable crypto whale activities, Tellor’s value totaled $5.46 million, and TRB tokens were recently transferred to centralized exchanges.

Potential sales could affect the market dynamics of the token, and the whale’s activities coincided with large fluctuations in TRB prices, indicating that there may be profit-taking.

Despite whale selling, can TRB reach the target of $232?

On-chain analysis tracked a major transaction in which the crypto whale wallet 0xf2b deposited 10,582 TRB (about $1.32 million) to CEX and completed the transaction at around $124.

Previously, the wallet withdrew the token at an average price of $57.7, and is expected to realize a profit of $706,000, an increase of 116%.

Several other crypto whales also replicated this pattern of buying low and selling high between early March and May 2024. They withdrew TRB from CEX and then deposited all tokens back to CEX for profit in the past 3 days after the price surged 108%.

Despite the huge volume, TRB's market performance has continued to show resilience. It recently experienced a breakout of the bull flag pattern, which suggests that TRB may continue its upward trend.

However, this bullish forecast may be invalidated if TRB falls below the key support level of $115. As TRB continues to show strong market trends, partners should pay close attention to these developments.

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