Tellor the decentralized oracle protocol, is doing exceptionally well. This comes after the price gradually surged from the support level of $16.83. Consequently, it attracts more buyers and traders.

Over the past few months, Tellor (TRB), often considered an alternative to Chainlink, has exhibited remarkable performance.

In 2023, TRB has seen a 452% increase in its price, with a substantial 133% surge in just the last month. The surge has effectively reversed the losses it experienced in 2022.

Currently, the token is trading at $79.56 as of 5:01 a.m. EST, a 14% increase in the past 24 hours, with its trading volume at $51 million, a 27.7% surge.

Bulls Might Succumb to Correction on Rising Channel

Tellor TRB shows a gradual uptrend, reaching $79.76, marking the upper limit of the ascending channel. Despite some resistance from bearish forces attempting to lower the price, the bulls have shown resilience, as evidenced by several higher lows.

This bullish sentiment is reinforced by positioning the simple moving average below the price, signifying intense buying pressure for Tellor TRB.

Furthermore, the relative strength index (RSI) indicates a rebound from the 50 level. With a slight nudge, the RSI has surged past the overbought region of 70 to settle at 80.06, indicating significant buying pressure.

Tellor’s TRB trend remains bullish, with the arrangement of the simple moving averages and the RSI. Therefore providing the TRB bulls with the momentum to aim for a price target of $115.

However, the upper boundary of the ascending channel could offer an opportunity for bearish activity, potentially pushing the price down to $69.06. Buyers may retreat to a support level of $55.55 if the price falls below this level.

For those who missed out on the Tellor Rally, Bitcoin Minetrix is an attractive alternative. The token has achieved a remarkable milestone, attracting a plethora of investors.

BTCMTX Might be Your Best Bet

BTCMTX is a Bitcoin cloud mining platform generating substantial interest with its ongoing presale. The project has reached an impressive $2 million in funding during Stage 3. Don’t miss out with only four days remaining until the conclusion of this presale phase stage.

Announcement! 📢#BitcoinMinetrix has achieved a monumental milestone, surpassing $2,000,000 raised!

We are now also less than 40 minutes away from the start of Stage 3! 🪙 pic.twitter.com/iZENKYsxcd

— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023

BTCMTX tokens are currently valued at $0.0111 each. The token value will increase as the presale progresses towards its $3.094 million soft cap goal. The team has established a $15 million hard cap, and presale participants can secure up to 77.5% of the total token supply.

To participate in this opportunity, buy BTCMTX tokens using ETH, USDT, BNB, or a bank card. Moreover, if you stake the tokens, you earn mining credits to benefit your Bitcoin cloud mining activities.

#BitcoinMinetrix is now in Stage 3! 🔥 pic.twitter.com/Od4Syqx7EA

— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023

You can also begin the process by connecting your wallet to the BTCMTX website and using the presale widget. Ensure you have sufficient ETH or BNB to cover any associated gas fees.

Of the total BCMTX token supply the team has allocated, 42.5% goes to finance Bitcoin mining activities.

Additionally, 35% will launch the Bitcoin Minetrix platform, promote the token, establish a cloud mining facility, or secure a long-term lease for such a facility. The active community members will get 15% of the tokens distributed as rewards.

Finally, the remaining 8% of tokens are for BTCMTX staking rewards, which will be available after the Bitcoin Minetrix cloud mining platform is complete.

Stake Your BTCMTX Tokens, Earn Rewards

Staking your BTCMTX tokens will gradually generate mining credits that can enhance your Bitcoin cloud mining capabilities. The more credits you use, the higher your BTC earnings will be through cloud mining.

To find advice and reviews, you can turn to Michael Wrubel, a well-known YouTuber with a substantial following of 310k subscribers. More so, you can read our Bitcoin Minetrix Price Prediction here.

He also provides valuable guidance on participating in the BTCMTX presale and maximizing the benefits of staking. It’s crucial to highlight that he has invested in this presale and is quite optimistic about its prospects.

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