Tellor’s TRB Token Drops 9.57% in 24 Hours Amid High Volatility

Tellor’s native token, TRB, has experienced significant selling pressure in recent trading sessions, with its price declining by 9.57% over the past 24 hours to $35.11. Despite this downturn, the token has managed to hold onto the $34.97 support level, which has remained intact. The asset dipped to a 24-hour low of $34.784 but subsequently recovered, with trading volumes totaling 71.15 million USDT and 1.92 million TRB tokens traded during this period. This surge in trading volume indicates heightened market activity and interest in the token.

Over the past week, TRB’s price has exhibited increasing volatility within a narrowing range. The token’s 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, suggesting that traders are positioning within the $20–$30 zone, where prior reversals have occurred. The 4-hour chart shows a slight recovery from recent lows, though sellers remain dominant. This price zone has historically attracted interest, and with the current level hovering near short-term support, it could become a focal area for traders.

The momentum indicators are currently biased toward the downside, reflecting the bearish sentiment in the market. However, the difference between resistance and support has narrowed considerably, potentially preconditioning a more radical movement in the near future. The recent bounce from $19.425 highlights the interest in this price range, and traders are closely monitoring the $34.97 support level to gauge the token’s near-term direction.

As of now, 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 that the near-term direction hinges on price behavior around this support. Market focus remains fixed on whether the $35 threshold will hold through the next sessions, as traders continue to react quickly to key levels and liquidity clusters between the $34.97 and $39.22 range.