Rally TRB

Over the past 24 hours, #TRB has rallied from 80.00 to 98.00 and back, and is now growing again. Today I managed to take 1.62% of the growth in the TRB price on futures, and after closing the position the price began to rise further.

Over the past 30 days, TRB gained more than 150% in price, making it the top gainer among other altcoins.

Tellor’s native token (TRB) has entered the top 150 cryptocurrencies by market capitalization, according to CoinMarketCap.

The token soared more than 750%, becoming the most profitable over the past three months. 

Yet, despite the multi-week rally, TRB is showing signs of overheating as funding rates turn negative. As per data from Coinalyze, funding rates on TRB futures on four crypto exchanges — Binance, ByBit, Huobi, and OKX — turned negative, hitting an average of -0.38.

And it seems the reversal has already started as TRB price declined by around 15% within an hour shortly after hitting the $98 mark.

What do you think about TRB, will the coin go down in the long term?