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Tellor

<p>The cryptocurrency Tellor (TRB) has once again reclaimed a crucial support level, according to crypto analyst <a href="https://x.com/ben__crypto23/status/1792130454021136527?t=L_v87P5HDcVCX8IWCaoMOw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Ben Walther (@ben__crypto23)</a>. Despite Walther’s previous bearish predictions, Tellor has exhibited resilient bullish momentum, invalidating the expected correction to the $90 level.</p>
<p>Walther’s analysis highlights several key factors contributing to Tellor’s recent resurgence:</p>
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<ol>
 <li>Bullish Reversal Pattern: Tellor printed a <em>“picture-perfect Morning Star Doji,”</em> a candlestick pattern often signaling a trend reversal. In this case, the pattern proved accurate, as Tellor promptly reversed its downward trajectory.</li>
 <li>Support Reclamation: After a period of consolidation, Tellor successfully reclaimed the $115 support level, a crucial milestone for the cryptocurrency’s bullish aspirations.</li>
 <li>Successful Retest: Following the initial reclamation of the $115 level, Tellor underwent a retest on the subsequent day, further solidifying the support level’s significance.</li>
 <li>Favorable Technical Indicators: Walther notes that the technical indicators for Tellor appear predominantly bullish or neutral, suggesting a potential continuation of the upward momentum.</li>
</ol>
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<p>Based on these developments, Walther now anticipates Tellor to retest the upper boundary of its current trading channel, ranging between $140 and $150. This prediction represents a potential upside of approximately 17% from the current price levels.</p>
<p>Acknowledging the volatility of the cryptocurrency market, Walther expressed cautious optimism, stating, <em>“Let’s see if this prediction works better than my last one.”</em></p>
<p>As the crypto community closely watches Tellor’s price action, this unexpected resurgence serves as a reminder of the unpredictable nature of digital asset markets and the importance of staying vigilant in one’s analysis.</p>
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<p>The post <a href="https://captainaltcoin.com/tellor-trb-defies-bearish-predictions-reclaims-support-with-potential-17-upside/" rel="noopener noreferrer nofollow">Tellor (TRB) Defies Bearish Predictions, Reclaims Support with Potential 17% Upside</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Tellor (TRB) Defies Bearish Predictions, Reclaims Support with Potential 17% Upside

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