What you should know about TRB

In the short term, Tellor (TRB) coin has shown strong price volatility, primarily driven by speculative trading. Recently, on-chain data has indicated a significant increase in holdings by short-term traders, while longer-term holders are selling off their positions. This suggests that the current rally is being fueled more by market speculation rather than by sustained interest in the project’s fundamentals. While TRB has gained notable attention and price momentum, some analysts warn that without steady network growth and long-term investment, sustaining these price levels might be challenging.

On the technical side, short-term indicators are mixed. Trading signals have shown both sell pressures and neutral trends, suggesting market uncertainty. Many traders are watching the $20 support level closely, as a drop below this could trigger further declines, while sustained buying around this level might support a potential rebound.

Overall, TRB’s short-term prospects seem largely tied to trader sentiment and speculative activity, making it susceptible to quick shifts in price direction based on market conditions and investor behavior