In this Tellor Tributes technical analysis, we will examine the current price action, trading volume, key levels and indicators for TRB-BTC. Tellor Tributes (TRB) is a decentralized oracle network that enables the creation and execution of trustless and censorship-resistant tributes on the Ethereum blockchain. By leveraging smart contracts and off-chain data, TRB allows for the secure and transparent verification of events and outcomes without relying on intermediaries or centralized authorities. With its innovative approach to decentralized finance (DeFi), TRB is poised to revolutionize the way we think about trust and verification in the digital age.
Tellor Tributes Price Overview:
As of May 16, 2024, Tellor Tributes is trading at approximately 0.00159 BTC. Let’s dive into the detailed price action for TRB-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00172 |
| High (H) | 0.00178 |
| Low (L) | 0.00155 |
| Close (C) | 0.00159 |
| Volume (C) | 1,968.08 |
- Open (O): The opening price for today’s trading session was approximately 0.00172 BTC.
- High (H): Tellor Tributes reached a daily high of around 0.00178 BTC.
- Low (L): The daily low for TRB-BTC was approximately 0.00155 BTC.
- Close (C): At the time of analysis, Tellor Tributes is trading near its daily close of 0.00159 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -7.73% |
| 3D Change (%) | -22.24% |
| 7D Change (%) | -21.63% |
| 30D Change (%) | 96.23% |
| 90D Change (%) | -34.70% |
| YTD Change (%) | -65.01% |
Over the past three days, TRBBTC has dropped by approximately -22.24%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -21.63%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TRBBTC maintaining an upward trend of approximately 96.23%, despite intermittent fluctuations. Examining the last 90 days, TRBBTC has witnessed substantial decrease of approximately -34.70%, reflecting strong long-term confidence. Year-to-date, TRBBTC has steadily declined by around -65.01%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Tellor Tributes Live Chart:
You can access a live price chart for TRB-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 2.46695.
- Momentum score is 0.74028.
TRB BTC Technical Analysis
Tellor Tributes Trading Volume:
The trading volume for Tellor Tributes (TRB) over the past 24 hours has been insignificant, with approximately 1,968.08 BTC traded against TRB. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): TRB is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Tellor Tributes is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for TRB-BTC is currently in the neutral zone, around 52.56118. This suggests that Tellor Tributes is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Tellor Tributes (TRB-BTC) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Explore Tellor Tributes’s (TRBBTC) potential challenges at 1.59e-03 BTC as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.
Don’t overlook our detailed insights on TRB USDT Tellor Tributes Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.