Yello, Paradisers! Is #TRBUSDT preparing for a massive breakout, or will it struggle to hold key support levels? Let’s break it all down and see what lies ahead for TRB.

💎#TRB has spent most of 2024 trading within a descending channel formation, consistently printing lower highs and lower lows. However, recent price action shows a breakout above the descending resistance line. This could signal the early stages of a bullish reversal, provided buyers step in with conviction and keep the momentum going.

💎The demand zone between $41.68 and $56.16 remains the most critical area to watch right now. This zone has been acting as a strong support base, and as long as the price holds above this level, the bullish case remains intact. A sustained hold above here will provide the bulls with enough strength to aim higher and potentially push for the next big move.

💎On the upside, #TRBUSD needs to decisively break above the $109.85 resistance level to confirm a trend reversal. If this happens, we could see a significant rally toward the $225–$285 zone, a major area where sellers might step in again. This zone will be critical, as it has acted as strong resistance in the past, and a clean break here would open up even greater upside potential.

💎However, caution is warranted. If #TRB fails to hold the current demand zone and we see a daily candle close below $41.68, the bullish outlook will be invalidated. In this case, #Tellor could quickly drop toward the $32.50–$22.00 range, shaking out weak hands and potentially setting the stage for a deeper correction.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise

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