Tellor Reaches 12-month High, Is a Correction Looming?
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- Tellor (TRB) sees a bullish resurgence, hitting a 12-month high at $126.26, with solid support at $115, suggesting potential for a sustained rally.
- Notable whale activity fuels TRB’s confidence as a significant investor nets nearly $5 million in profit in just hours.
- TRBUSD faces potential correction as overbought conditions and resistance levels hint at a possible downturn.
Bullish momentum in the Tellor (TRB) market faltered early in the day, retreating from $117.06 to a low of $111.78 before recovering support and resuming the ascent back into the $115 level. The price movement implies that there may be substantial purchasing activity at this level, suggesting that the bulls may prolong the rally.
Bulls considerably increased the TRB price to a 12-month high of $126.26, confirming the market’s optimistic solid mood. At press time, the TRB price exchanged hands at $125.6, a 7.88% increase from the intra-day low.
In addition, this uptick coincides with significant whale activity, as an investor with the address 0xc75 made a substantial buy from Binance, amassing 42,742 TRB. The average purchase price was…
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