TRB USDT Tellor Tributes Technical Analysis

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By Frans van Elst

Tellor Tributes logo 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 oracle network that enables the creation and execution of trustless, permissionless, and highly scalable smart contracts. TRB’s novel consensus algorithm ensures fast and accurate data validation, making it an ideal solution for a wide range of industries such as gaming, finance, and supply chain management. With its innovative approach to decentralized data validation, TRB is poised to revolutionize the way smart contracts are executed and data is validated in the blockchain ecosystem.

Tellor Tributes Price Overview:

As of June 15, 2024, Tellor Tributes is trading at approximately 98.86 USDT. Let’s dive into the detailed price action for TRB-USDT:

Navigate challenges in realm of Tellor Tributes (TRBUSDT) at 98.86 USDT with technical analysis pointing to bearish outlook and potential downturns.

Metric Value
Open (O) 95.55
High (H) 100.68
Low (L) 94.34
Close (C) 98.86
Volume (C) 83,139.31
  • Open (O): The opening price for today’s trading session was approximately 95.55 USDT.
  • High (H): Tellor Tributes reached a daily high of around 100.68 USDT.
  • Low (L): The daily low for TRB-USDT was approximately 94.34 USDT.
  • Close (C): At the time of analysis, Tellor Tributes is trading near its daily close of 98.86 USDT.
Metric Value
1D Change (%) 3.45%
3D Change (%) -2.09%
7D Change (%) 3.69%
30D Change (%) -8.22%
90D Change (%) 5.28%
YTD Change (%) -48.72%

Over the past three days, TRBUSDT has dropped by approximately -2.09%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 3.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TRBUSDT maintaining a downward trend of approximately -8.22%, despite intermittent fluctuations. Examining the last 90 days, TRBUSDT has witnessed substantial increase of approximately 5.28%, reflecting strong long-term confidence. Year-to-date, TRBUSDT has steadily depreciated by around -48.72%, 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 0.84147.
  • Momentum score is -0.09618.

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 83,139.31 USDT 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 below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Tellor Tributes is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for TRB-USDT is currently in the neutral zone, around 50.09002. This suggests that Tellor Tributes is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Tellor Tributes (TRB-USDT) is currently exhibiting signs of short-term bearish 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Navigate challenges in realm of Tellor Tributes (TRBUSDT) at 98.86 USDT with technical analysis pointing to bearish outlook and potential downturns.

Take your understanding to the next level with our extensive analysis of TRB BTC Tellor Tributes Technical Analysis; if you enjoyed this post, you’re in for a treat!

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.

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