Hello fellow crypto traders!
Tellor price action currently appears to be in a state of consolidation, characterized by a mix of bullish and bearish signals. The price seems to be encountering a significant challenge at a long-term resistance level.
For a bullish scenario to unfold and further price increases, it's crucial for
TRBUSDT
to breach the key resistance level at $18.60. Breaking through this barrier could fuel additional upward momentum.
Conversely, if
TRBUSD
fails to overcome the $18.60 resistance, we might anticipate the price to remain below this level and potentially retreat towards the critical support level at $10.0. Monitoring price movements closely in this range will be essential to assess the next major direction in Tellor market trajectory.
Tellor price action currently appears to be in a state of consolidation, characterized by a mix of bullish and bearish signals. The price seems to be encountering a significant challenge at a long-term resistance level.
For a bullish scenario to unfold and further price increases, it's crucial for
TRBUSDT
to breach the key resistance level at $18.60. Breaking through this barrier could fuel additional upward momentum. Conversely, if
TRBUSD
fails to overcome the $18.60 resistance, we might anticipate the price to remain below this level and potentially retreat towards the critical support level at $10.0. Monitoring price movements closely in this range will be essential to assess the next major direction in Tellor market trajectory.
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