๐ **Technical Analysis on Tellor ($TRB )**
1. **Support & Resistance**:
- **Resistance**: TRB is facing resistance around $61-$62. If we break above this, the next target could be the $70 level.
- **Support**: Currently supported around $57, with stronger support near $50. These levels could provide stability if the price corrects.
2. **Moving Averages**:
- **20-Day EMA**: TRB is near this short-term average. A move above it would signal bullish momentum.
- **50-Day & 100-Day SMA**: TRB trading above these could indicate a strong medium- to long-term trend.
3. **RSI (Relative Strength Index)**:
- RSI levels are currently neutral, showing balanced buying and selling pressure. Watching for overbought (>70) or oversold (<30) signals to gauge possible reversals.
4. **MACD**:
- The MACD indicator shows convergence. A bullish crossover would confirm upward momentum, while a bearish one could signal a pullback.
๐ **Outlook**:
- If TRB breaks above $62 with volume, we might see a rally toward $70. If not, watch for stability at $57 or $50.
Always consider multiple indicators for the best view on price trends!
