{"id":557923,"date":"2023-10-27T23:00:44","date_gmt":"2023-10-27T23:00:44","guid":{"rendered":"https:\/\/wncen.com\/?p=557923"},"modified":"2024-06-11T08:12:54","modified_gmt":"2024-06-11T08:12:54","slug":"trellor-trb-50-drop","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/trellor-trb-50-drop\/","title":{"rendered":"The End Is Near For Trellor (TRB): Crypto Analyst Says Prepare For 50% Drop"},"content":{"rendered":"

Trellor (TRB<\/a>) has been one of the winners of the recent crypto market rally after going from a monthly low of $43 to over $115 in less than two weeks. This impressive rally has triggered heightened interest in the cryptocurrency leading to more momentum for the digital asset. However, not everyone is buying into this bullish fantasy as one crypto analyst<\/a> has predicted a rapid decline in price for the digital asset.<\/p>\n

Why The Price Of Trellor Will Crash<\/h2>\n

A TradingView crypto analyst has given reasons for why they see the Trellor (TRB) price<\/a> crashing in the coming days. The post which included a chart of TRB depicted the price falling back down below the $60 mark once more.<\/p>\n

Related Reading: Crypto Analyst Who Called Bitcoin\u2019s Parabolic Rally Picks Altcoin Set To Pop<\/a><\/div>\n

According to the analyst, the first indicator of the coming crash is the fact that there has been a decline in the trading volume of TRB. They showed this in the chart, which showed that the volume drop<\/a> is happening amid the price rally that the coin still seems to be undergoing.<\/p>\n

Also, the crypto analyst believes that this coin has now entered the \u201cextremely overvalued and overbought\u201d level. Now, usually when a coin is overvalued and overbought, it often precedes a crash in price as investors rush to secure profits. This could be what happens in this case, especially given the fact that the majority of holders are in heavy profits.<\/p>\n

\"Trellor<\/p>\n

Source: Tradingview.com<\/a><\/pre>\n
The analyst points out that the TRB profitability is incredibly high, with 95% of holders in profit at the time that the analysis was posted. This is corroborated by data<\/a> from IntoTheBlock, which showed a small drop in the number of profitable holders at 93% but with 0 holders in a loss. The remaining 7% are shown to be sitting at neutral which means they purchased their coins at the same prices as the current market price.<\/p>\n
This lends credence to the analyst\u2019s expectation of a price decline, especially when these investors who are in profit begin to sell their coins.<\/p>\n
\"Trellor<\/p>\n
TRB still holding $110 | Source: TRBUSDT on Tradingview.com<\/a><\/pre>\n
How Far Will The TRB Crash Go?<\/h2>\n
When it comes to how far the crash can go, the crypto analyst<\/a> sees an incredible drop in price coming. They believe that there is no way for the bulls to sustain the current momentum which has gone on for days \u201cwithout heavy CORRECTION.\u201d<\/p>\n
The analyst believes that the price of Trellor (TRB) will see at least 50% crash from the current level. However, the expectations are not given only for a crash. They explain that there is the possibility that the price will continue to go up, in which case it reaches as high as $135 to $155. But still maintain the expectation of a crash.<\/p>\n
Related Reading: Bitcoin Resumes Rally After Brief Hiatus, Here\u2019s What Happened<\/a><\/div>\n
In a follow-up comment, the analyst revealed that they had decided to start shorting the TRB coin. Their price entry is shown to be $110 with three take profit targets set for $70, $52, and $41, and a stop loss placed at $161.<\/p>\n
The Trellor (TRB) coin, despite falling around $9 in the last day, is still up a significant amount. It is currently sitting at $111 at the time of writing, but its daily trading volume is down over 35% in the same time period.<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Trellor (TRB) has been one of the winners of the recent crypto market rally after going from a monthly low of $43 to over $115 in less than two weeks. This impressive rally has triggered heightened interest in the cryptocurrency leading to more momentum for the digital asset. However, not everyone is buying into this bullish fantasy as one crypto analyst has predicted a rapid decline in price for the digital asset. Why The Price Of Trellor Will Crash A TradingView crypto analyst has given reasons for why they see the Trellor (TRB) price crashing in the coming days. The post which included a chart of TRB depicted the price falling back down below the $60 mark once more. Related Reading: Crypto Analyst Who Called Bitcoin\u2019s Parabolic Rally Picks Altcoin Set To Pop According to the analyst, the first indicator of the coming crash is the fact that there has been a decline in the trading volume of TRB. They showed this in the chart, which showed that the volume drop is happening amid the price rally that the coin still seems to be undergoing. Also, the crypto analyst believes that this coin has now entered the \u201cextremely overvalued and overbought\u201d level. Now, usually when a coin is overvalued and overbought, it often precedes a crash in price as investors rush to secure profits. This could be what happens in this case, especially given the fact that the majority of holders are in heavy profits. Source: Tradingview.com The analyst points out that the TRB profitability is incredibly high, with 95% of holders in profit at the time that the analysis was posted. This is corroborated by data from IntoTheBlock, which showed a small drop in the number of profitable holders at 93% but with 0 holders in a loss. The remaining 7% are shown to be sitting at neutral which means they purchased their coins at the same prices as the current market price. This lends credence to the analyst\u2019s expectation of a price decline, especially when these investors who are in profit begin to sell their coins. TRB still holding $110 | Source: TRBUSDT on Tradingview.com How Far Will The TRB Crash Go? When it comes to how far the crash can go, the crypto analyst sees an incredible drop in price coming. They believe that there is no way for the bulls to sustain the current momentum which has gone on for days \u201cwithout heavy CORRECTION.\u201d The analyst believes that the price of Trellor (TRB) will see at least 50% crash from the current level. However, the expectations are not given only for a crash. They explain that there is the possibility that the price will continue to go up, in which case it reaches as high as $135 to $155. But still maintain the expectation of a crash. Related Reading: Bitcoin Resumes Rally After Brief Hiatus, Here\u2019s What Happened In a follow-up comment, the analyst revealed that they had decided to start shorting the TRB coin. Their price entry is shown to be $110 with three take profit targets set for $70, $52, and $41, and a stop loss placed at $161. The Trellor (TRB) coin, despite falling around $9 in the last day, is still up a significant amount. It is currently sitting at $111 at the time of writing, but its daily trading volume is down over 35% in the same time period. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":557931,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876,83386,3],"tags":[134,138,167,6664,26263,14690,86638,89738,86632,89735,86631,89736,89737],"class_list":["post-557923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","category-crypto","category-news","tag-altcoin","tag-altcoin-news","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-trb","tag-trb-news","tag-trb-price","tag-trbusd","tag-trbusdt","tag-trellor","tag-trellor-news"],"acf":[],"yoast_head":"\nThe End Is Near For Trellor (TRB): Crypto Analyst Says Prepare For 50% 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"The End Is Near For Trellor (TRB): Crypto Analyst Says Prepare For 50% Drop","url":"http:\/\/wncen.com\/news\/trellor-trb-50-drop\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/trellor-trb-50-drop\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1635530845-Small.jpeg?resize=200%2C169","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1635530845-Small.jpeg?fit=320%2C169"},"articleSection":"Altcoin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","altcoin news","analyst","crypto","crypto analyst","crypto news","trb","trb news","trb price","trbusd","trbusdt","trellor","trellor news"],"dateCreated":"2023-10-27T23:00:44Z","datePublished":"2023-10-27T23:00:44Z","dateModified":"2024-06-11T08:12:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"The End Is Near For Trellor (TRB): Crypto Analyst Says Prepare For 50% Drop\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/trellor-trb-50-drop\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/trellor-trb-50-drop\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_1635530845-Small.jpeg?resize=200%2C169\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_1635530845-Small.jpeg?fit=320%2C169\"},\"articleSection\":\"Altcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"altcoin news\",\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"trb\",\"trb news\",\"trb price\",\"trbusd\",\"trbusdt\",\"trellor\",\"trellor news\"],\"dateCreated\":\"2023-10-27T23:00:44Z\",\"datePublished\":\"2023-10-27T23:00:44Z\",\"dateModified\":\"2024-06-11T08:12:54Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1635530845-Small.jpeg?fit=320%2C169","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/557923"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=557923"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/557923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/557931"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=557923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=557923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=557923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}