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.

The first resistance point will be the 66.99 USDT level. After a daily close above this level, it can increase the #Tellor target to 79.92 USDT levels.

TRB USDT Daily Chart

What is Tellor (TRB)? What are its features?

Tellor is a decentralized #oracle protocol running on the #Ethereum blockchain. Oracles are like bridges that can transfer information from the real world to smart contracts on the blockchain.

Tellor uses TRB, a cryptocurrency, to provide real-world data to smart contracts. TRB is used by reporters to provide accurate and up-to-date data to smart contracts. Reporters are rewarded with TRB for providing accurate and up-to-date data.

The key features of Tellor are:

  • Decentralized: Tellor operates without the need for a central authority. This makes Tellor safer and more efficient.

  • Secure: Tellor uses a variety of security measures such as smart contracts and blockchain security.

  • Open source: Tellor is an open source project. This ensures Tellor is transparent and trustworthy.

  • Scalable: Tellor can support large amounts of data and transactions.

  • Economical: By providing rewards for reporters, Tellor offers a more efficient way to transfer real-world data into smart contracts.

Tellor can be used for:

  • Valuation: Tellor can provide real-time price data to smart contracts.

  • Financial data: Tellor can provide financial data to smart contracts.

  • Other data: Tellor can provide other data to smart contracts, such as weather, traffic, sports results.

Tellor has the potential to become a major player for decentralized oracle protocols. Tellor provides a more secure, efficient and economical way to provide real-world data to smart contracts.

The main features of Tellor are as follows:

  • Decentralized: Tellor operates without the need for a central authority. This makes Tellor safer and more efficient.

  • Secure: Tellor uses a variety of security measures such as smart contracts and blockchain security.

  • Open source: Tellor is an open source project. This ensures Tellor is transparent and trustworthy.

  • Scalable: Tellor can support large amounts of data and transactions.

  • Economical: By providing rewards for reporters, Tellor offers a more efficient way to transfer real-world data into smart contracts.

Tellor is a powerful project with the potential to become a major player for decentralized oracle protocols. Tellor provides a more secure, efficient and economical way to provide real-world data to smart contracts. $TRB $ETH