Tellor Price Prediction: TRB Takes a Solid 14% Increase, Yet This New Crypto Is Where All Eyes Are Now Focused

Updated: 25 October 2023

Disclosure

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TRB has seen its price rise by more than 14% – elevating it to $100.83 at press time.

Technical Overview

Daily chart for TRB/USDT (Source: TradingView)

A positive channel has led to TRB’s price rising above both the $50 and $79.35 resistance levels. At press time, the altcoin was still trading above these two significant price levels and was attempting to overcome the next barrier at $109.50. It already tested this threshold earlier in today’s trading session, but bears were quick to defend the mark. Consequently, TRB’s price was forced back down to its current level.

Should TRB break out below the channel, it could look to test the $50 support level in the short term. A confirmation of this bearish thesis may be if TRB drops below $79.35. Adding credence to this bearish scenario is the fact that the daily RSI indicator was also in extreme overbought territory, which is also generally taken as a sell signal by traders and investors. While TRB stands the risk of undergoing a correction soon, Launchpad XYZ is busy attracting the attention of the majority of investors within the cryptocurrency space.

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This promising project is currently in its presale phase, but investors looking to capitalize on this opportunity will need to act fast. According to the project’s website, Launchpad XYZ’s presale is scheduled to end within the next week.

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— Launchpad.xyz (@launchpadlpx) October 17, 2023

The Perfect Tool for Traders

Launchpad XYZ is the ideal platform for traders of all experience levels. Traders can make more informed decisions by utilizing the platform’s A.I. assistant, Apollo, and gain access to market sentiment, the latest news, as well as valuable insights. The project’s blazingly fast trading terminal also enables its users to execute trades at the optimal time. This makes Launchpad XYZ the perfect tool for anyone who wants to profit from the highly volatile cryptocurrency market.