Tellor (TRB) Price Chart Analysis as a Top 5 Crypto

Tellor (TRB), a decentralized oracle protocol and an alternative to Chainlink, remains one of the top performers in 2023 as it continues to look strong on higher timeframes with no sign of slowing down anytime soon.

TRB/USDT has seen its price rally by over 600% in the past few months from a region of $9 to a high of $70, with so much volume suggesting a bullish price movement for this crypto token as bears struggle to hold off bullish price movement.

The price of TRB/USDT looks topped out even on the higher timeframe as the price struggled to trend above $75.

Higher timeframes, such as daily and weekly timeframes, will confirm if the price of TRB/USDT has topped; else, we could see a price rally to $100 as volume, MACD, and RSI still look bullish for TRB/USDT.

TRB/USDT faces resistance corresponding to a 75% FIB value of around $75. If the price gets rejected, we could see the price drop to a region of $44, just above the 50-day EMA and the 38.2% FIB value for a healthy retracement.

Major TRB/USDT support zone – $44

Major TRB/USDT resistance zone – $75

MACD trend – Bullish