No products in the cart.
- Latest
- Trending
ADVERTISEMENT
TRON token rose 1.72% on Wednesday.
TRX’s gains come amid news that Tron is supporting blockchain for startups.
TRX can continue to rise to the downtrend line.
Tron (TRX/USD) is emerging from the ruins of a bearish breakout that sent the token surge to $0.045. The cryptocurrency recorded an intraday profit of 1.72% and traded at $0.055. The token has printed a short-term bullish trend line that could be of interest to buyers.
Despite Tron DAO continuing to power startup blockchains, we are seeing a slight recovery in TRX. According to the latest announcement, Tron DAO Ventures (TDV) will support elite startups. TDV supports projects inside and outside the Tron ecosystem. Tron says this is part of the DAO’s goal of promoting decentralization. TDV also supports outstanding projects that synergistically bridge the Tron ecosystem.
latest cryptocurrency news Seeing intraday price recovery is positive for TRX. That said, unless a bear market emerges, it’s less important for the long-term recovery of cryptocurrencies. The technical analysis below shows the potential levels to watch.
TRX made a clear breakout at $0.06 and the price plummeted to $0.045. But the recent recovery is encouraging. The bulls will target higher prices, which are likely on the downtrend line.
The MACD indicator also gives hope. The indicator has crossed the bearish zone and is now at the neutral level. This is the clearest bullish signal but needs to be confirmed by price action. This is especially because the momentum from the indicator is not very strong.
Although we are still in a bear market, TRX buyers can target prices that are consistent with the downtrend line.
If the bears counter upwards, TRX Price A crash to the $0.045 support zone is possible. Levels around $0.052 can also provide downside support.
eToro
eToro offers a wide range of cryptocurrencies such as Bitcoin, XRP, as well as crypto-fiat and crypto-crypto pairs. eToro users can connect, learn, copy, and be copied by others.
Buy TRX now on eToro
binance
Binance is one of the largest cryptocurrency exchanges in the world. Suitable for more experienced investors, with over 600 cryptocurrencies to choose from. Binance is also known for its low trading fees and multiple trading options that users can benefit from. Peer-to-peer trading, margin trading, spot trading.
Buy TRX now on Binance
