๐TRBUSDT has shown remarkable market movements and has successfully exited the descending channel pattern.
๐At the moment, #Tellor is engaging in lateral consolidation after retesting the demand zone, which was once a supply area. There's a notable chance for the price to rebound from this zone and propel upwards, aiming for the bearish OB area as its forthcoming target.
๐If TRB does not manage to rebound and instead falls below the demand zone, it might withdraw to the Bullish OB area, situated around the $118.40 mark, in pursuit of a renewed drive for an ascent.
๐The Bullish OB area has historically been a pivotal point, invariably leading to significant recoveries upon its examination. Yet, a failure of this zone, substantiating a bearish trend, could direct the price to seek bullish prospects from an even lower stance.
๐In the event TRB doesn't leverage upward momentum from this additional level, it would likely maintain its descent. Rest assured, we're here to assist you in navigating through these market shifts.