Tellor (TRBUSD) Price Forecast: January 1
The TRBUSD price shows fundamental growth and remains strong above the $243.69 supply mark. If the coin price could sustain above the pattern supply trend line, the coin price may trigger up to the overhead resistance mark at the $280.00 level, thus a clear buy signal.
Key Levels:
Resistance Levels: $257.00 $258.00, $259.00
Support Levels: $98.00, $97.00, $96.00
TRB (USD) Long-term Trend: Bullish (Daily Chart)
Tellor remains bullish and also shows fundamental growth in the higher time frames. This is clear as we can see the prices trading above the moving average moving closer to the upper resistance levels, indicating an uptrend.
The sustained bullish pressure pushed the pair up to the $249.50 resistance level during yesterday’s session and sustained it; this has made it possible for the coin to show fundamental growth and remain strong above the supply levels in its recent high.
Today’s daily bullish candle at the $259.74 resistance level above the moving averages confirms the bulls’ dominance in the market. This breakup has the potential to accelerate bullish momentum and extend the current correction to a higher level.
Adding to this, the price of TRBUSD shows a fundamental growth and bullish continuation at the $259.74 high level as indicated by the momentum indicator pointing in an upward direction; the bulls could therefore aim at the psychological level of $280.00 resistance value soon in the long-term outlook.
TRB (USD) Medium-term Trend: Bullish (4H Chart)
The market price of TRBUSD is currently trading in the bullish market zone and also shows fundamental growth above the $242.01 price level. This is due to the high inflows from the buy traders.
The bullish impact on the crypto to the $247.65 supply level during the previous action has sustained its firmness above the supply levels in recent times.
Today, the bulls made an upward move to the $259.74 high value above the moving average lines as the 4-hourly chart opens. The Tellor price looks promising as the bulls continue to show fundamental growth and remain dominant in the market at the moment.
If the bulls increase their price action and maintain a bullish momentum far above the resistance trend lines, further bearish sentiment will be suppressed.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the current price level, the market participants may witness a new recovery rally and this may likely reach the $280.00 upper high mark soon as the TRBUSD price continues to show a fundamental growth above the supply levels in its medium-term perspective.
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