{"id":450569,"date":"2023-10-23T17:20:24","date_gmt":"2023-10-23T17:20:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=450569"},"modified":"2023-10-24T18:08:54","modified_gmt":"2023-10-24T18:08:54","slug":"tellor-tells-a-success-story-with-a-13-uptick-bitcoin-minetrix-might-just-be-the-next-chapter","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/tellor-tells-a-success-story-with-a-13-uptick-bitcoin-minetrix-might-just-be-the-next-chapter","title":{"rendered":"Tellor Tells a Success Story with a 13% Uptick; Bitcoin Minetrix Might Just be the Next Chapter"},"content":{"rendered":"

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.<\/p>\n

Over the past few months, Tellor (TRB), often considered an alternative to Chainlink, has exhibited remarkable performance.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Bulls Might Succumb to Correction on Rising Channel<\/h2>\n
\"Tellor
TRBUSD Price Chart by Tradingview.com<\/figcaption><\/figure>\n

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.<\/p>\n

This bullish sentiment is reinforced by positioning the simple moving average below the price, signifying intense buying pressure for Tellor TRB.<\/p>\n

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.<\/p>\n

Tellor’s TRB<\/span> trend remains bullish<\/a>, 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

BTCMTX Might be Your Best Bet<\/h2>\n

BTCMTX<\/a> 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.<\/p>\n

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Announcement! 📢#BitcoinMinetrix<\/a> has achieved a monumental milestone, surpassing $2,000,000 raised!<\/p>\n

We are now also less than 40 minutes away from the start of Stage 3! 🪙 pic.twitter.com\/iZENKYsxcd<\/a><\/p>\n

— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023<\/a><\/p><\/blockquote>\n