![Why is Tellor (TRB) Price Up?](https://captainaltcoin.com/wp-content/uploads/2023/09/image-453.png)
Tellor’s native token, TRB, has seen a significant price surge over the past few days with a 30% surge today and 40% in the last few days. This comes after major resistance levels were broken, leading some analysts to predict further inevitable gains.
What you'll learn 👉
Recent Listing Sparks Interest
Earlier this week, Polynomial Protocol announced a new market listing for TRB on their trading platform. According to their tweet, traders can now trade TRB perpetually with up to 25x leverage. This new listing likely sparked additional interest and volume for the token.
Technical Analysis Predicts Further Gains
Crypto analyst Densons recently posted a bullish technical analysis on TRB. He noted that global resistance has been broken and retested. As he states: “Coming to first target inevitably with 99.99% probability.”
![](https://captainaltcoin.com/wp-content/uploads/2023/12/image-620-643x1024.png)
“$TRB #TRB #TRBUSDT global resistance broken and retested, coming to first target inevitably with 99.99% probability. (Potential of 24.15%)” – Densons
Based on his chart, the broken resistance turned support is at $165. The first target is $200, and if that level breaks, the second target is $250. With TRB presently trading around $169, this analysis suggests significant upside still lies ahead.
However, it’s important to exercise caution when following such analyses. Nothing is certain, and readers should do their own research before making investment decisions based purely on technical predictions. Crypto markets remain highly volatile.
Still, with technical and fundamental factors aligning positively for Tellor at the moment, analysts feel confident in projecting further upwards momentum for TRB in the near-term. But where the price ends up next remains to be seen.
You may also be interested in:
- Fusionist (ACE) Surges 30% as It Secures Binance Listing: Analysts Set Their Price Targets
- Veteran Crypto Analyst: Critical Ethereum Signal Points to “Brutal” Altcoin Run Ahead
- Diversifying Your Digital Portfolio: Top Altcoins Set to Explode in 2024 (BONK, FIL, NUGX)
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.