An Ethereum-based altcoin, Tellor Tributes (TRB), which has seen a dramatic 700% surge in the past two months, is now set for a significant downturn, says a prominent crypto analyst.
According to pseudonymous analyst Altcoin Sherpa suggests that TRB, which escalated from a low of $9.11 in mid-August to a peak of $79 last week, seems to have depleted all bullish momentum.
In his recent social media post, the analyst stated, “TRB: I think that was the blow-off top. Expecting this to eventually die and grind all the way back down.” He predicts that the altcoin will dive down to $32. Currently, TRB is being traded at $59.68.
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