Is It Too Late To Buy TRB Crypto? Tellor Price Soars 43% And This Might Be The Next Crypto To Explode
Release: 2024/05/03 20:28 Reading: 306
The Tellor price soared 43% in the last 24 hours to trade at $67.32 as of 03:05 a.m. EST on trading volume that skyrocketed 1,353% to $508 million.
Tellor Price Set To Capitalize On The Rounding Bottom Pattern To Push The Price Even Higher
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TRBUSD Chart Analysis Source: Dexscreener.com
The Tellor price has been on a downward price movement in March, with the price movement trending within the falling wedge pattern to the $79 support level. However, the price negated the bullish notion introduced by the wedge, which saw the price fall to the $44 support.
The TRB price then used the $44 support to push the price higher above the resistance around 79, forming a rounding bottom pattern. A rounding bottom pattern acts as an encouragement for the bulls to push the price higher above.
TRB is trading above the 50-day SMA, which confirms the short-term price movement to the upside. If the TRB price remains strong enough, the bulls could surpass the 200-day SMA at $80.
Moreover, the Relative Strength Index (RSI) is trading above the 50-midline level, currently at 53. A sustained bullish stance could push the RSI over to the 70-overbought region, indicating intense buying pressure.
The Average Directional Index (ADX) is also trading at 25, a signal the Tellor price is on a strong bullish trend.
Tellor Price Prediction
The Tellor price analysis on the 1-hour chart shows a bullish bias. The TRB price bulls are set to capitalize on the formation of the falling wedge pattern and the rounding pattern to push the price above to target $116 in the long-term.
In addition, the ADX and the RSI could offer optimistic investors the necessary bullish prospects likely to push the price even higher.
In an inverse scenario, if the bears utilize the death cross around $115, they could push the price down to the next support around $59, which coincides with the 50-day SMA.
Meanwhile, as the Tellor price surges, investors are piling into $DICE as it hurtles past $700k in funds raised.
Mega Dice Presale Races Past $700K – The Next Promising Alternative
Mega Dice (DICE) has recently introduced the $DICE token through its ongoing presale. The Solana-based online casino allows users to play games, bet on sports, and earn rewards using its native token, $DICE.
As the first GameFi project on the Solana blockchain, DICE aims to challenge the casino sector titan Rollbit Coin.
You can also earn through the project’s staking system, with the team allocating 10% of its total 420 million token supply as staking rewards.
According to the 99Bitcoins Youtube channel, Mega Dice has the potential to surge 100X after launch.
If you’d like to join, buy $DICE on the official website here for $0.069 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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