Tellor (TRB) approaches all-time high with a 1000% surge, signaling strong market presence and bullish momentum. Read more on CT.
- TRB's rally to $131 signals strong investor confidence, potentially reshaping its market rank.
- Accumulation by holders and whale activity fuel TRB's bullish trend, despite overbought concerns.
- With a $321M cap and $62M volume, TRB shows resilience and market presence growth.
In the dynamic world of cryptocurrency, Tellor (TRB) stands out with its impressive rally, propelling the asset to a zenith of $131 and closely approaching its all-time high from May 2021. The cryptocurrency has seen an astonishing surge of over 1,000% in the past three months.
As pointed out by Santiment, a prominent crypto research platform, TRB ranks 112th in market cap, boasting a significant consolidation of 15% of its supply by holders of 1K to 100K TRB within just seven weeks. This accumulation mirrors the growing confidence among substantial investors.
The bullish trend for Tellor is further evidenced by its 12-month peak at $126.26, supported strongly at the $115 level, indicating a robust foundation for continued advancement. Fueling this upward trajectory is notable whale activity, with one such investor netting close to $5 million in a matter of hours, a testament to the potent market optimism surrounding TRB.
Read full article at CryptoTale.