In this Tellor Tributes technical analysis, we will examine the current price action, trading volume, key levels and indicators for TRB-USDT. Tellor Tributes (TRB) is a decentralized cryptocurrency that leverages blockchain technology to provide a secure and transparent platform for rewarding content creators. By utilizing TRB, content creators can receive fair compensation for their work, while users are incentivized to support high-quality content through token-based rewards. Through its innovative approach, Tellor Tributes is revolutionizing the way content is created and consumed, creating a more equitable and sustainable ecosystem for all involved.
Tellor Tributes Price Overview:
As of October 02, 2023, Tellor Tributes is trading at approximately 50.89 USDT. Let’s dive into the detailed price action for TRB-USDT:
- Open (O): The opening price for today’s trading session was approximately 53.3 USDT.
- High (H): Tellor Tributes reached a daily high of around 54.32 USDT.
- Low (L): The daily low for TRB-USDT was approximately 48.28 USDT.
- Close (C): At the time of analysis, Tellor Tributes is trading near its daily close of 50.89 USDT.
|1D Change (%)||-4.52%|
|3D Change (%)||-2.47%|
|7D Change (%)||46.70%|
|30D Change (%)||242.92%|
|90D Change (%)||345.62%|
|YTD Change (%)||317.13%|
Over the past three days, TRBUSDT has declined by approximately -2.47%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 46.70%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TRBUSDT maintaining an upward trend of approximately 242.92%, despite intermittent fluctuations. Examining the last 90 days, TRBUSDT has witnessed substantial rise of approximately 345.62%, reflecting strong long-term confidence. Year-to-date, TRBUSDT has steadily increased by around 317.13%, 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-USDT 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 2.65795.
- Momentum score is 2.42925.
TRB USDT Technical Analysis
Tellor Tributes Trading Volume:
The trading volume for Tellor Tributes (TRB) over the past 24 hours has been insignificant, with approximately 297,780.71 USDT traded against TRB. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 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-USDT is currently in the high zone, around 64.54856. This suggests that Tellor Tributes is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Tellor Tributes (TRB-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
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.