- TRB fell 9.57% in 24h, holding support at $34.97 with trading volume exceeding 71 million USDT.
- Price range between $20–$30 shows repeated accumulation, with recent bounce from $19.425 highlighting interest.
- Resistance at $39.22 remains unbroken, while BTC and ETH pairings dropped 6.7% and 1.3% respectively.
Tellor’s native token, TRB, has faced intensified selling pressure in recent sessions, bringing its current trading price to $35.11. The token has declined by 9.57% over the past 24 hours, with its mark price slightly above at $35.111. Despite the downtrend, market participants are closely monitoring the $34.97 support zone, which remains intact.
The asset dipped to a 24-hour low of 34.784 but recovered. At the same time, the trading volumes totaled 71.15 million USDT, and 1.92 million TRB tokens were traded during this time.These levels reflect a notable rise in market activity.
TRB Trades in Tight Range Amid Bearish Pressure
TRB’s price behavior over the past week shows increasing volatility within a narrowing range. On the weekly chart, the price dropped from a peak of $109.980 to a low of $19.425 before recovering. However, the resistance at $39.22 has consistently rejected upward attempts. The current price action suggests traders are positioning within the $20–$30 zone, where prior reversals have occurred. Importantly, the 4-hour chart shows a slight recovery from recent lows, though sellers remain dominant.
This price zone has historically attracted interest. Now, with the current level hovering near short-term support, it could become a focal area. Remarkably, the difference between resistance and support has narrowed considerably, potentially preconditioning a more radical movement. The momentum indicators, however, are biased toward the downside.
Volume Surges as Liquidity Builds Near Key Levels
TRB’s trading volume, currently above 30M, underscores the intensity of current market dynamics. Additionally, TRB recorded a 24-hour high of $39.265, with price action showing attempts to break resistance. The asset’s BTC valuation stands at 0.0003477 BTC, down 6.7%, while the ETH pairing is down just 1.3% at 0.01569 ETH.
Source:CoinMarketCap
These changes reflect broader trends across TRB’s trading pairs. As volume rises, order book activity is intensifying near critical price thresholds. Traders continue to react quickly to key levels, with liquidity clustering between the $34.97 and $39.22 range.
Key Levels Shape Near-Term Outlook
As of writing, TRB is consolidating just above a key support level, indicating temporary stabilization. The zone between $20 and $30 remains an area of interest, especially after last week’s reversal from $19.425. The price now trades just under the $39.22 resistance, where sellers have repeatedly stepped in.
While the token remains far from the weekly high of $109.980, recent attempts to establish a base suggest potential near-term direction hinges on price behavior around this support. For now, market focus remains fixed on whether the $35 threshold will hold through the next sessions.
