{"id":516767,"date":"2024-05-04T11:45:15","date_gmt":"2024-05-04T11:45:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=516767"},"modified":"2024-05-04T11:45:15","modified_gmt":"2024-05-04T11:45:15","slug":"tellor-price-prediction-trb-pumps-8-2-as-this-world-first-ar-vr-crypto-ico-charges-towards-6-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/tellor-price-prediction-trb-pumps-8-2-as-this-world-first-ar-vr-crypto-ico-charges-towards-6-million","title":{"rendered":"Tellor Price Prediction: TRB Pumps 8.2% As This World-First AR\/VR Crypto ICO Charges Towards $6 Million"},"content":{"rendered":"

The Tellor price has surged 8.2% over the last 24 hours to trade at $68.84 as of 4:30 a.m. EST. <\/span><\/p>\n

The TRB price has also soared almost 30% this week, coinciding with <\/span>a spike in its Total Value Locked (TVL) to more than $5 million on May 3.<\/span><\/p>\n

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Tellor (TRB) TVL Chart | Source: <\/span>DefiLlama<\/span><\/a><\/p>\n

Tellor Price Prediction: TRB’s Bullish Scenario<\/span><\/h2>\n

Looking at Tellor price charts, we see it is forming a “Bullish Pennant” pattern, typically a continuation pattern. This pattern emerged after a significant upward movement (the flagpole), followed by a consolidation phase forming a converging triangle. The price consolidation within a narrowing range, marked by converging trendlines, generally anticipates a potential breakout upwards.<\/span><\/p>\n

If TRB breaks above the pennant on increased volume, it could indicate a continuation of the prior upward trend. A breakout above the pennant often results in a move at least the height of the preceding flagpole, potentially targeting new highs beyond the $80.00 mark.<\/span><\/p>\n

On the other hand, the Woodies CCI shows two lines oscillating around a zero line, which helps identify the cyclical turns in price. The lines are near the zero mark, suggesting a neutral to slight bullish sentiment as the price consolidates within the pennant.<\/span><\/p>\n

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1-hour TRB\/USD Chart | Source: <\/span>TradingView<\/span><\/a><\/p>\n

Tellor Price Prediction: TRB’s Bear Case<\/span><\/h2>\n

Conversely, if the Tellor price fails to break above the pennant and instead breaks below the lower trendline, it could signal a reversal or a deeper correction. A drop below the pennant and subsequent breach of the $44.00 support might trigger further sell-offs, potentially driving prices toward lower support levels not visible on the current chart.<\/span><\/p>\n

Looking at other indicators, we see the MFI (Money Flow Index) is currently around 37.59, which indicates neither overbought nor oversold conditions. It supports the consolidation phase typically seen in a pennant pattern. However, its sharp southern trajectory could suggest increasing selling pressure which supports the bear prospects.<\/span><\/p>\n

Meanwhile, with the Tellor price direction looking uncertain, the world-first AR\/VR crypto <\/span>5thScape<\/span><\/a> has surged past $5.7 million in funds raised in its presale.<\/span><\/p>\n

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The market cap of both ai\/gaming can easily get to 100-120 bil in the next year. A 3-4x from here.<\/p>\n

There will be countless 20-30x coins that make runs from 10-30 mil to 300-1 bill.<\/p>\n

We will see multiple 40% pull backs n boring periods . Chill. Do nothing.<\/p>\n

— Alex Becker 🍊🏆🥇 (@ZssBecker) March 17, 2024<\/a><\/p><\/blockquote>\n