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The Tellor price has soared 30% in the past 24 hours to trade for $93.08 as of 06:33 a.m. EST on trading volume that skyrocketed 211%.
With this surge, TRB has ascended to the top coins list for the week, alongside Render (RNDR) and Worldcoin (WLD).
The #crypto market has been in the green since the weekend! 📈
🔥Have you been trading these top coins? $CEL $TRB $RNDR $WLD $PHB#BTCCexchange pic.twitter.com/s0KW7Z7ZAM
— BTCC (@BTCCexchange) May 6, 2024
Tellor is a decentralized oracle protocol that incentivizes an open and permissionless network of data reporting. The surge in the Tellor price comes as altcoins continue to flash green with Bitcoin price showing strength. Capital is spilling over to low market capitalization-sized altcoins like TRB, with some looking at sectors like AI and meme coins for returns.
Tellor Price Prediction
The Tellor price is trading with a bullish bias, recording higher highs since bottoming out on May 1 at $44.20. The bounce, reaching up to 120% to the May 6 intra-day high of $98.60, has seen the Teller price now confront resistance due to the 50% Fibonacci placeholder of $104.17.
If the bulls are able to overcome immediate resistance due to the 100-day Simple Moving Average (SMA) at $94.19, the uptrend could continue. Traders looking to take long positions for TRB should probably resist FOMO, the fear of missing out. The confluence of resistance between the 200-day SMA at $105.34 and the 50% Fibonacci placeholder makes the roadblock formidable. The Tellor price could face a rejection here.
A close a look at the Relative Strength Index (RSI) shows a deviation, which could see the price drop. However, if the Tellor price records a decisive candlestick close above $104.17, it could entice more buy orders. The ensuing buying pressure could send the price further north, potentially as high as the $166.90. Such a move would constitute a climb of almost 80% above current levels.
TradingView: TRB/USDT 1-day chart
On the flip side, early profit booking could interrupt the climb, causing a correction. A drop below the 50-day SMA at $74.82 would spook traders, potentially triggering a sell-off. For the bullish thesis to be invalidated, however, the Tellor price must record a lower low below the $41.44 support, confirming a trend reversal.
Meanwhile, investors are already eyeing DICE, as the new Solana GameFi coin raises over $770K in presale. According to Crypto analyst and YouTuber 99Bitcoins, this presale gem could 100X at launch.
Promising Alternative To Tellor
DICE is the powering token for the Mega Dice ecosystem, a Solana-based online casino that rewards players with crypto. The platform allows users to play games, bet on sports, and earn rewards using their native token, $DICE.
The Mega Dice platform has been a sensation since its launch in 2023 and is still one of the most popular crypto-oriented online casino and betting platforms. With the launch of the new crypto ICO, the project is set to extend its offerings.
The project is the first GameFi project on the Solana blockchain, and its aim is to challenge the casino sector titan Rollbit Coin.
The #1 GameFi token has arrived on #SOL 🚀
Join the $DICE presale and be part of the next gem gaming token – $600K already raised! 🚀
Presale link: https://t.co/E5WFsXQhfQ 🏆
Why should you consider joining the $DICE presale? 👇 pic.twitter.com/nTtNHgrqDC
— Mega Dice Casino (@megadice) April 30, 2024
The platform already has a user base exceeding 50,000 and 10,000 active players, who wager about $50 million every month. It flirts with over 4000 games from top providers and over 50 sports and eSports. As one of the top brands in the crypto casino space, it focuses on growth and adding value to players.
You can also earn through the platform’s staking option, with the team setting aside 10% of its total 420 million token supply as rewards.
If you’d like to join the presale, you can 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.
Introducing Refer & Earn with $DICE! 🚀💰
Exciting news! You can now refer users to the Mega Dice presale and earn a generous 10% commission on all referral purchases. Here's a simple guide on how to get started: ⤵️ pic.twitter.com/3Xptw2ZR3T
— Mega Dice Casino (@megadice) April 29, 2024
Also Read:
- Mega Dice Price Prediction – DICE Price Potential in 2024
- How to Buy Mega Dice Token – $DICE Presale Review
- Mega Dice Referral Code & Bonus Codes 2024
- Best Metaverse Crypto Projects: Top Picks for NFT and Virtual World Enthusiasts
Mega Dice - Newest GambleFi Token
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- Presale Live Now - megadicetoken.com
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