TRB has slipped back into its macro trading range between $9.93 and $44.24. Price acceptance within this zone suggests a prolonged accumulation phase might be the next major development.
Tellor (TRB) is currently trading within a historically significant range that previously held the asset for over 370 days. With price once again accepted within this region, traders are closely watching for signs of either a prolonged consolidation or a decisive breakout.
The recent drop in volume and ongoing bearish structure only add weight to the theory that this market may be entering a slow accumulation phase rather than prepping for immediate expansion.
Key technical points,
Macro Range Established:$9.93 key support and $44.24 resistance define the historical range.
Bearish Volume Profile:Volume remains below average, signaling weak momentum.
Previous Pattern Echo:TRB previously ranged here for 371 days before breakout.
TRBUSDT (1W) Chart Source: TradingView
TRBâs return to this range highlights a likely scenario of extended sideways movement. The market has shown multiple weekly closes within this band, confirming price acceptance. From a technical standpoint, this opens the door for price to rotate within this range for a substantial periodâpotentially up to 337 days if history repeats itself.
This bearish consolidation is supported by volume analysis. Current volume remains significantly underwhelming, with volume nodes forming below average levels. This lack of market participation often indicates indifference rather than accumulation or distribution, favoring continued range-bound movement.
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Structurally, TRB has remained weak, posting lower highs and lower lows, and it has yet to show any signs of strength or bullish reversal. The upper boundary of this range, around $44.24, remains a critical resistance. Until this level is broken with clear conviction and supported by volume, the probability remains skewed toward extended consolidation.
For bulls, the only sign of hope would come from reclaiming higher levels with growing volume and a shift in momentum indicators. However, that scenario currently lacks supporting data.
What to expect in the coming price action,
As things stand, traders should expect more rotational movement between $9.93 and $44.24. Until volume picks up and resistance is breached, accumulation within this macro range is the most likely path forward.
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U.S. stocks were little changed Monday as Wall Street braced for a wave of major earnings reports and key economic data releases.
The S&P 500 and Nasdaq Composite hovered near the flatline, while the Dow Jones Industrial Average gained 114 points, or 0.28%.
Shares of major tech firms â Amazon, Apple, Meta Platforms, and Microsoft â briefly slipped during the session as investors prepared for their upcoming quarterly results.Â
Apple and Meta later recovered, rising 1% and 0.8% respectively. Microsoft edged up 0.2%, while Amazon declined 0.3%.
Earnings for the prior quarter have been moderately strong, with 73% of companies beating analystsâ estimates, according to FactSet. However, that figure is slightly below the five-year average of 77%. Analysts are lowering expectations for the second quarter and full year as corporate guidance reflects concerns over the economic impact of President Donald Trumpâs tariffs.
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China vs. USAÂ
In Washington, Treasury Secretary Scott Bessent offered little new detail on trade talks with China but emphasized that it is up to Beijing to de-escalate tensions.
Speaking on CNBCâs âSquawk Box,â Bessent noted progress on other trade fronts, highlighting India as a potential early success. âThey sell five times more to us than we sell to them, and so these 120%, 145% tariffs are unsustainable,â Bessent said.
Markets are also eyeing new developments in the tech sector after reports that Huawei Technologies plans to test a new chip competing with Nvidia, pressuring shares of the U.S. chipmaker.
Investors will continue to monitor earnings, trade negotiations, and economic data throughout the week to gauge the broader market outlook.
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SOL Strategies, a Canadian publicly traded company focused on supporting the Solana blockchain ecosystem, has expanded its holdings with a new $20 million Solana purchase.
The Canada-listed company announced the move on Tuesday, May 6, disclosing the completion of the $20 million buy is from the first tranche of its $500 million convertible note facility.Â
According to SOL Strategies, the acquisition was for 122,524 Solana (SOL) tokens, completed at an average price of $148.96 per token. The company spent a total of about $18.25 million on the new SOL haul, it noted
âWith the closing of our initial $20 million tranche from the ATW facility, weâre executing exactly as promised â strategically acquiring SOL to expand our validator operations and ecosystem position,â said Leah Wald, chief executive officer of SOL Strategies. âThese purchases directly strengthen our three-pillar strategy of enterprise grade validators, strategic SOL holdings, and solana technology innovation.â
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The buying comes a few days after SOL Strategiesâ successful closing of an initial $20 million funding facility.
SOL announced this on May 1, noting the tranche is part of its $500 million convertible note facility with ATW Partners. This success allowed the company to move forward with its plan to acquire more Solana using the proceeds.
SOL Strategies acquired a total of 24,374 SOL between January 31, 2025 and February 7, 2025, with the purchase worth about $5 million. The company held 267,151 SOL worth about $38.4 million as of April 7, 2025.Â
While it focuses on Solana, SOL Strategies also holds Bitcoin (BTC).Â
Details on its website showed it held 3.211 BTC valued at 419.34k Canadian dollars, or roughly $304k as of April 7. It currently has over 3 million staked SOL and maintains a footprint in the exchange-traded fund ecosystem as the staking provider for 3iQâs Solana Staking ETF.
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犹他州已将其比特币储备法案推进至立法的下一阶段,目前正等待参议院的第二次和第三次宣读,然后进行最终投票。
根据最新消息,犹他州参议院税收委员会通过了《区块链和数字创新修正案》(众议院第 230 号法案),使该州更接近承认比特币为官方储备资产。
议员们以 4-2-1 的投票结果通过了该法案,其中四票赞成均来自共和党参议员。一名共和党人和一名民主党人反对该法案,一名参议员缺席。
该法案现在将在参议院进行二读,随后进行三读,以进行进一步讨论和可能的修订。如果通过了这两个阶段,该法案将进入参议院的最终投票,然后提交给同样是共和党人的州长斯宾塞·考克斯批准。
HB230 由犹他州众议员乔丹·托舍尔 (Jordan Teuscher) 于 1 月 21 日提出,以 8 比 1 的投票结果顺利通过了众议院经济发展委员会。
该法案提议允许州财政部长将某些公共资金(如普通基金预算和州灾难恢复账户)的最多 5% 分配给“合格数字资产”,包括比特币、高市值加密货币和稳定币。该法案还允许财政部长参与加密货币质押。
同时,基金只能由合格的托管人或通过交易所交易基金持有。
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犹他州在美国各州中处于领先地位,在推进立法方面取得了最大进展。据 Satoshi Act Fund 创始人丹尼斯·波特称,犹他州是最有可能首先通过战略比特币储备法案的州。
尽管犹他州是较晚引入此类立法的州之一,但波特认为犹他州简化的立法程序(仅在 45 天的紧凑日程内完成)使其具有明显的优势。
波特在最近一次采访中表示,“没有人拥有比他更快的日程安排,也没有人拥有比他更多的政治动力和意志力来完成这项工作。”
犹他州取得进展的前一天,蒙大拿州提出了自己的比特币储备法案,该法案以 12 比 8 的投票结果获得众议院商业和劳工委员会批准。
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