TRBUSDT Market Overview

• Tellor (TRBUSDT) broke a key bullish trend with a large bearish reversal candle on the 15-minute chart.
• RSI dipped into oversold territory but lacks a strong follow-through in volume.
• Volatility surged during a sharp selloff but has since consolidated near 34.50, hinting at a potential support level.
• MACD turned negative with a bearish crossover, aligning with the downward move.
• On-chain volume spiked during the decline but has since normalized, suggesting exhaustion.

Tellor (TRBUSDT) opened at $36.27 on 2025-08-24 12:00 ET and reached a high of $37.95 before closing at $33.97 at 12:00 ET on 2025-08-25. The 24-hour low was $33.87. Total trading volume was 74,759.88 TRB, with a notional turnover of $2,540,123.39.

Structure & Formations

The 15-minute chart shows a clear bearish reversal formation around $37.74, followed by a rapid descent to sub-35 levels. A large bearish candle at 19:45 ET (volume: 42,599 TRB) marked a key breakdown. Support appears to be forming at 34.50 and 34.00, with the most recent consolidation forming a potential base at 34.12–34.50. No strong bullish engulfing or hammer patterns emerged during the session, but a doji near 34.30 may indicate hesitation.

Moving Averages

On the 15-minute timeframe, price closed below both the 20 and 50-period SMAs, reinforcing the bearish bias. Daily 50-period and 100-period SMAs have been crossed as well, with the 200-period SMA currently at $35.23. This suggests medium-term bearish momentum unless Tellor can reclaim above $36.50 in the near term.

MACD & RSI

MACD turned negative with a bearish crossover at $35.40, and the histogram has remained bearish since the 19:45 ET breakdown. RSI has dipped into oversold territory (around 28) but has not triggered a rebound yet. This may indicate a deeper pullback or potential for a short-term bounce off the 34.00–34.50 level. However, momentum remains weak on the upside.

Bollinger Bands

Volatility expanded sharply during the 19:45–20:00 ET sell-off, with price plunging below the lower band at $34.00. Following this, volatility has contracted, and price has been consolidating near the middle band. This suggests a potential period of range trading until a new impulsive move is triggered.

Volume & Turnover

Volume spiked dramatically during the breakdown candle (42,599 TRB at $37.74), confirming a bearish shift. Turnover also surged during that period, with $1.45M traded in a single 15-minute interval. Volume has since normalized, but a divergence between price and turnover during the 34.12–34.50 consolidation suggests traders are waiting for a catalyst.

Fibonacci Retracements

Fib levels drawn from the 33.89 to 37.95 swing show 34.50 as a key 38.2% retracement and 34.95 as the 23.6% level. The 34.00–34.20 range aligns with the 50% retracement, making it a potential support zone. A break below 33.90 could extend the move to the 61.8% retracement at $33.75, while a rally above 34.95 could signal a countertrend bounce.

Tellor may test the 34.00–34.50 support zone in the next 24 hours. A break below 33.90 could accelerate the selloff, while a retest of the 35.00 level would be a key bullish signal. Investors should remain cautious, as momentum remains bearish and divergence in volume may signal indecision.