Terra Classic

Terra

Chainlink

Tellor

<div class="finbold">
 <p class="paragraph">Tellor (TRB) has made impressive <a rel="noopener noreferrer nofollow" title="gains" href="https://thebittimes.com/tag/gains.html">gains</a> in a week, up 200% month-to-date and trending in social platforms. Finbold turned to <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> indicators, looking for insights on whether this could be a buy or sell signal for TRB.</p>
 <p class="paragraph">Tellor is a $355 million Oracle network and a direct competitor to Chainlink (LINK) in relaying off-chain data to cryptocurrencies. Notably, LINK has a $8.5 billion market cap – which is 24 times higher than this trending <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a>.</p>
 <h2 class="wp-block-heading" id="h-tellor-trb-price-analysis">Tellor (TRB) price analysis</h2>
 <p class="paragraph">TRB trades at $141.72, with 198.6% <a rel="noopener noreferrer nofollow" title="gains" href="https://thebittimes.com/tag/gains.html">gains</a> from a local bottom of $42.73 reached on May 1. Following this surge, technical indicators show bullish momentum, which investors could see as both a buy and sell signal.</p>
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 <p class="paragraph">In particular, the daily relative strength index (RSI) shows a staggering 81.78 overbought status, which often signals trend reversals. Moreover, the token trades nearly two times above the 30-day exponential moving average (30-EMA), currently making support at $76.48 after a breakout on May 2.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/05/08/e90cb209e8c5cdcb54ce8959b61eb525.webp" alt class="wp-image-174667" srcset="https://cdn.thebittimes.com/images/2024/05/08/e90cb209e8c5cdcb54ce8959b61eb525.webp 1024w, https://cdn.thebittimes.com/images/2024/05/08/e90cb209e8c5cdcb54ce8959b61eb525.webp 300w, https://cdn.thebittimes.com/images/2024/05/08/e90cb209e8c5cdcb54ce8959b61eb525.webp 768w, https://cdn.thebittimes.com/images/2024/05/08/e90cb209e8c5cdcb54ce8959b61eb525.webp 1536w, https://cdn.thebittimes.com/images/2024/05/08/e90cb209e8c5cdcb54ce8959b61eb525.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   TRB/USD daily price chart, RSI, and 30-EMA. Source: <em>TradingView </em>/ Finbold
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="tellor-is-trending-on-social-indicators">Tellor is trending on social indicators</h2>
 <p class="paragraph">Similar to the technical analysis, social indicators suggest a bullish momentum for Tellor, which could soon cause a trend reversal. On that note, Finbold gathered data from <em>Santiment</em>, showing TRB as the second-most trending cryptocurrency dominating the market’s social metrics.</p>
 <p class="paragraph">The platform’s AI summary highlights price action, increased whale activity, and “VIP interest” as the reasons why Tellor is trending.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="246" src="https://cdn.thebittimes.com/images/2024/05/08/fcdb16872531d07c550ecde37ba62f26.webp" alt class="wp-image-174669" srcset="https://cdn.thebittimes.com/images/2024/05/08/fcdb16872531d07c550ecde37ba62f26.webp 1024w, https://cdn.thebittimes.com/images/2024/05/08/fcdb16872531d07c550ecde37ba62f26.webp 300w, https://cdn.thebittimes.com/images/2024/05/08/fcdb16872531d07c550ecde37ba62f26.webp 768w, https://cdn.thebittimes.com/images/2024/05/08/fcdb16872531d07c550ecde37ba62f26.webp 1536w, https://cdn.thebittimes.com/images/2024/05/08/fcdb16872531d07c550ecde37ba62f26.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   TRB trending data and summary. Source: <em>Santiment </em>/ Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Interestingly, as the price surged, social volume and social dominance reached monthly highs of 15 and 0.1%. This evidences the <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> trending momentum, but peaking social metrics for low-cap cryptocurrencies often signal local tops and reversals.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="347" src="https://cdn.thebittimes.com/images/2024/05/08/258a390bde6c9b1250f019c35c50facc.webp" alt class="wp-image-174671" srcset="https://cdn.thebittimes.com/images/2024/05/08/258a390bde6c9b1250f019c35c50facc.webp 1024w, https://cdn.thebittimes.com/images/2024/05/08/258a390bde6c9b1250f019c35c50facc.webp 300w, https://cdn.thebittimes.com/images/2024/05/08/258a390bde6c9b1250f019c35c50facc.webp 768w, https://cdn.thebittimes.com/images/2024/05/08/258a390bde6c9b1250f019c35c50facc.webp 1536w, https://cdn.thebittimes.com/images/2024/05/08/258a390bde6c9b1250f019c35c50facc.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   TRB trending data and summary. Source: <em>Santiment </em>/ Finbold (Vini Barbosa @ <em>Sanbase Pro</em>)
  </figcaption>
 </figure>
 <p class="paragraph">However, if the momentum continues, Tellor could see further growth, seeking higher capitalization as the protocol competes for demand and market share in a multi-billionaire market of Oracle solutions.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/buy-or-sell-trending-cryptocurrency-makes-200-gains-in-a-week-tbt87757.html">https://thebittimes.com/buy-or-sell-trending-cryptocurrency-makes-200-gains-in-a-week-tbt87757.html</a></p>

Buy or sell? Trending cryptocurrency makes 200% gains in a week

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