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RON's price has seen a 12.65% decline. Despite this, buyers upOver the past two weeks, TRON's price has seen a 12.65% decline. Despite this, buyers still maintain an advantage as the price remains above the 50-day EMA and the crucial support level of $0.1438. This current pullback might be a cooling-off period for TRX following a significant rally in August, driven by the launch of the Sunpump memecoin generator. Such retracement levels are often viewed as healthy during established uptrends, allowing buyers to regain bullish momentum. If the support at $0.1438 holds, TRON's price could rebound and challenge the $0.155 resistance, potentially rallying to $0.17 and beyond. On the downside, if sellers manage to breach the 50-day EMA, they might target breaking the critical support at $0.1438. Should this support level fail, the price could drop further to around $0.126.
BITFINEX:TRXUSDLong
by Sam_TCR
a level that must have an eye on Over the past 655 days from November 2022, Tron (TRX) has maintained an uptrend and outperformed many giants. Tron (TRX) has posted a 20.13% increase in price over the last 30 days and a 250% rally from the 2022 descending triangle's breakout. In August 2024, the Tron price had neared the 2021 highs but failed to generate continued bullishness to pierce it through. This happened due to recent market volatility that led to a continuous drop. The 2021 high was a strong resistance that deflected its ascent by nearly 10% in the last 10 days. In intraday, the fall has slipped below the 20-day EMA band, which has created more fear in investors. Therefore, a level that must have an eye on would be $0.1438. This level will show whether the bearishness would accelerate or a resurgence would occur.
BITFINEX:TRXUSDLong
by Sam_TCR
TRX saw a liquidity grab on AugustSince late November 2022, TRX experienced a significant bullish rally. It climbed from a support level of $0.050 within a descending triangle to a peak of $0.1439 by February 2024, marking a 220% gain. Following this advancement, the price showed signs of exhaustion by March 4th, unable to break through the key supply zone at $0.14389.It eventually entered a narrowing wedge pattern, resembling a symmetrical triangle. The symmetrical triangle pattern is confirmed by four notable touches on its boundaries. It gave a breakout, and the pullback was complete after TRX saw a liquidity grab on August 5th, 2024. The upward thrust led to a substantial 43% surge that exceeded the previous peak of $0.1439. The Tron has already reached the 2021 highs, and continued bullishness could potentially lead the asset to new all-time highs, targeting price levels of $0.1798 and $0.2000. Conversely, if the price breaks down, maintaining support above $0.1438 is crucial. A drop below this support could lead to further declines towards $0.1290 and $0.1181. Technical indicators reveal higher momentum, with the price taking support of the 20-day, 50-day, and 200-day EMAs. The RSI has reached a notably high level of 73.07, suggesting the possibility of a price pullback or consolidation. The MACD shows a bullish crossover with a histogram at 0.003642 and a MACD line at 0.009979, but caution is advised.
BITFINEX:TRXUSDLong
by Sam_TCR
1
Tron (TRX)Tron (TRX) Tron is on a three day gaining streak adding nearly 25% a week. The price exploded after breaking out of an ascending triangle pattern above the $0.14 level. The bulls are leading the trend at the moment due to which TRX price may continue to edge higher. With the recent surge, Tron has claimed its presence in the top 10 cryptocurrencies by market capitalization with a live market capitalization of $14.38 Billion. The transaction volume has grown by 139% to $1.87 Billion a day. Moreover, the volume to market capitalization ratio at 13.03% indicates high volatility. On the higher side, the $0.17 level may act as a supply which if breached may unlock TRX price path towards the major $0.2 level. On the lower side, the $0.14 level may act as a support and try to halt the price if the price drops.
CRYPTO:TRXUSDLong
by Ritika_TCR
1
the price has been in a low momentum and is tradingThe past price structure of the TRX crypto shows a long bullish rally from the end of Nov 2022, from the support level of the descending triangle of $0.050 to a peak of 0.1439 by Feb 2024. It showed a steady and consistent growth of 220%. After the rally, the price showed exhaustion, as it failed to surpass the main supply zone. Meanwhile, the bulls lost to the bears and ended up in a narrowing wedge that looked most similar to a symmetrical triangle pattern. The lower boundary and upper boundary of the narrowing wedge show the 4 notable touches, proving it to be a symmetrical pattern. The market showed a liquidity grab candle by August 5th, 2024, that showed a massive run of 36% toward the higher levels, surpassing 0.1439. According to the symmetrical triangle narrowed wedge breakdown the recent run has been approaching its 2021 ATH. Therefore, if the breakout continues, then the price could aim for $0.1689 and $0.1798 levels. However, if the price breaks down, all eyes would be on sustaining above at $0.1438. Over breaking this support, the bears could eye for the supports of $0.1292 and $0.1181. Technical indicators show that the price has been in a low momentum and is trading between 50-day and 200-day EMAs. Meanwhile, the RSI has entered a deep into overbought reign at 78.77, which could be a point of concern, and price consolidation or pullback chances have increased. Stay cautious and DYOR. Meanwhile, MACD highlights a bullish cross with a histogram rising at 0.003543, where the MACD line stands at 0.005318.
BITFINEX:TRXUSDLong
by Sam_TCR
1
TRON Breaking the struct.BitTorrent’s evolution: From P2P file sharing to blockchain innovation Launched in 2001, BitTorrent was a game-changer in the world of peer-to-peer (P2P) file sharing and accounted for one-third of all internet traffic within a few years of its initial release. However, as the internet evolved, the limitations of BitTorrent’s incentive structure became apparent and led to a decline in BitTorrent’s usage. In 2018, the acquisition of BitTorrent by Tron marked the beginning of a new chapter. Tron expanded BitTorrent’s scope beyond file sharing by integrating blockchain technology. This led to the creation of new systems such as the BitTorrent Filesystem (BTFS) and, more recently, the BitTorrent Chain (BTTC). The BitTorrent (BTT) token is the utility token for each of the networks.
BITFINEX:TRXUSDLong
by FXBANkthe8055
What Does EGLD, TRX, And TON Have On Daily Chart?The EGLD has shown bullish signs, for the potential to increase further. It has performed well in the last week by a 13.65% surge despite the bearish trend. However, RSI and MACD indicators support this bullish trend, with target resistances at $37 and $45, and failing to do so could lead to a drop towards $22. The TRX price has witnessed a break out of a symmetrical triangle on the daily chart by June 21st, 2024, having robust support from 50-day and 200-day EMAs. The MACD highlights a steady, bullish cross, and the RSI, at 71.14, jumped from the 14-SMA. TRX price was forecasted to advance further, with resistance levels at $0.1401 and $0.1501. Potential support levels are at $0.1151 and $0.1051. The TON crypto price traded above the upward trendline and recently showed a liquidity grab on July 5th. It highlights a higher probability of further advances in the TON price. The support levels for the TON crypto are $6.01 and $6.81, and resistance levels of $8.80 and 10.0 are on the higher side.
BITFINEX:TRXUSDLong
by Sam_TCR
been rallying in a breakout of a symmetrical triangleAt the time of writing, the crypto token TRX has traded at $0.1297 with an intraday rise of 0.35%. It has a trading volume of $261.93 Million, and its market capitalization stands at $11.34 Billion. Its current price has been rallying in a breakout of a symmetrical triangle, having strong support from 50-day and 200-day EMA bands. The MACD shows a bullish cross probability, and RSI at 61.13, has taken a jump from 14-SMA. The Tron has been primed for higher levels, as it is on the rise, and has shown good momentum after it broke out from the symmetrical triangle pattern. If it continues to rally, it could shatter the ceiling and could keep on flying higher and higher. Therefore, based on the momentum, the resistances would be $0.1400, and $0.1500. Beyond these resistances the doors would open for higher levels towards $0.20. Meanwhile, it seems near mid-may resistance at $0.1300, and if it pushes downward, then bears could eye for $0.1150 and $0.1050.
BITFINEX:TRXUSDLong
by Sam_TCR
Can Tron (TRX) Be A Good Asset To Invest In July 2024?Can Tron (TRX) Be A Good Asset To Invest In July 2024? Tron crypto took rebound from the 200 day Exponential moving average and surged higher. Tron crypto has reached an important supply the breakout of which could unlock another 15 to 20% surge in the crypto. The RSI line and SMA line shows a divergence indicating a trend continuation. Tron crypto has been gaining traction in the recent sessions despite the weakness in the broader markets. While Bitcoin or Ethereum are at the risk of falling near the annual lows. On the other side, TRON crypto has bounced back from the 50 day EMA and was awaiting a breakout soon. However, the crypto is yet to surpass the recent hurdle of $0.126 above which a breakout would be confirmed. At the time of writing, the TRX price was hovering close to $0.0019 USD marking an intraday rise of 1.54%. It has a live market capitalization of $10.89 Billion and ranks 12th in the overall market. Heightened Social Metrics Reflects An Surge In Demand The Tron price has made an impressive rally this week adding nearly 6% gains to the portfolio of their investors. Along with the surge in the price, there has been a significant development in the social metrics i.e. Social dominance and social volume. As per the data obtained by a financial website app.santiment.net the social dominance as well as social volume have surged to a three month high. The rise in the social metrics indicates the increasing participation of the users towards the crypto. An increased number of users generally results in a heightened demand which ultimately leads to a bullish imbalance in the price. The intraday volume inflow has surged by 17.3% to $263.2 Million a day. Can Tron Crypto Register A Breakout Or Suffer Rejection? Tron crypto has been maintaining a bullish bias and has inched closer to a supply zone which has been traced earlier. The crypto has been in an accumulation phase since April 2024 hovering in the range with $0.126 and $0.109 as the resistance and support respectively. Now, if the price manages to surpass the recent hurdle of $0.126, a bullish expansion phase will initiate which may lead the price towards the annual highs and beyond. However, if the bears establish their presence and the price looms down, it could continue to hover in the range maintaining an accumulation phase. At the time of writing, the RSI line as well as the 14 day SMA line both were placed above the mean line indicating a positive outlook. Moreover, a divergence in both the lines indicate the continuation of a bullish trend. What’s Next For Tron? Tron price has rallied, adding 6% gains this week indicating optimism despite weakness in the broader market. The social metrics like social dominance and volume have surged to a three-month peak, signaling growing users interest. Moreover, the price action analysis shows that the cryptocurrency has been bullish, approaching a supply zone near $0.126. A break above $0.126 could trigger a rise towards the annual highs, while rejection from the supply may result in continued range-bound accumulation. Currently, the RSI and 14-day SMA were placed above the mean line, suggesting a positive trend and potential continuation of the bullish momentum.
CRYPTO:TRXUSDLong
by Ritika_TCR
1
Tron(TRX) Looks Primed For Growth Ahead!Over analyzing the Tron (TRX) on weekly analysis, the crypto appears to have shown a good price structure. The recent price action highlights the breakout of the symmetrical triangle upwards. The crypto asset that has ranked 12th on the CoinMarketCap website has unlocked its 100% circulation from a total supply of $87.207 Billion TRX. After the consolidation ended in Feb 2021, the Tron (TRX) jumped 550% by April 2024, which marked a great push for the upside from bulls. After seamless efforts made by bears, the bulls did not allow the price to be below $0.050 critical support and had been trying to surpass the previously formed supply at $0.1439.
BITFINEX:TRXUSDLong
by Sam_TCR
the symmetrical triangle narrowed wedgeTron was forged by a popular entrepreneur, H.E. Justin Sun, also known as the founder of Tron. It has multiple use cases, with the main one being the transaction fees on the Tron blockchain. Recently, H.E. Justin Sun retweeted a post of the Token terminal, that showcased a growing graph of monthly fees since launch and that it surged from Jul 2020 and has been at its peak by mid-2024. The post also conveyed that the Tron (TRX) appears to be on track to generate a whopping $1.65 Billion in transaction fees over the next 12 months. Moreover, Tron (TRX) crypto surged by 0.36% in market value and surged by 0.95% in trading volume in the last 24 hours, as per the coinmarketcap. Its market value stands at $10.212 Billion, and its trading volume amounts to $218.312 Million. When writing, it ranks 13th among the top 100 cryptos on CoinMarketCap, and there are 87.251 Billion TRX in circulation. The Volume-to-market cap ratio highlights weak liquidity, which is often seen as a trait of a less liquid and would most likely present less stable market charts. A recent daily chart shows that the Tron (TRX) price has shown a resurgence possibility from the $0.1090 price mark, which is exhibiting a 0.43% intraday growth on the daily chart, with the price traded at $0.1174. The TRX past price structure shows a long bullish rally from Nov 2022, the support level of $0.050 to a peak recorded of 0.1439 by Feb 2024; it showed a steady and consistent growth of 220%. After the rally, the price showed exhaustion, as it failed to surpass the main supply zone; the bulls lost to bears and ended up in a narrowing range that looked most similar to a pattern called a symmetrical triangle. The lower boundary and upper boundary of the narrowing wedge show the 4 notable touches, which proves it to be a symmetrical pattern, and the 4 touches were at the $0.1090 price mark. What the market needs is a big liquidity candle that could give a massive breakout toward the higher levels. However, if the price continues to trade within the pattern and goes for the decline with the bears dominating, the price could demonstrate a breakdown as well. TRX Price Forecast, And Indicators Overview! According to the symmetrical triangle narrowed wedge, if the price breaks down, then the bears could eye for the supports of $0.09500 and $0.08500. However, if breakout happens, then the price could aim for $0.12800 and $0.14390. Technical indicators PoV shows that the price has been in a low moment and trading between 50-day, and 200-day EMA's. Meanwhile, RSI has rebounded after hitting an oversold reign, but at the 50.83 median line, signifying there is no strength in momentum and depicting consolidation. MACD highlights a bullish cross with a histogram rising at 0.000273.
BITFINEX:TRXUSDLong
by Sam_TCR
Tron displaying a strong bullish urgeThe Tron Crypto enjoyed an upward trend from the beginning of January 2024, starting at a support level of $0.10250 and reaching a high of $0.14450 by February 27th, 2024, when the candle finally closed at $0.14250. However, things changed from the last week of February 2024 as the Tron price plummeted and broke the earlier uptrend by entering a downward wedge. Despite this downward movement, the Tron crypto has recently shown signs of recovery since it rebounded from a well-established support level of about $0.10500 on the chart. The breakout of the falling wedge pattern suggests that Tron Crypto might begin an upward trend by breaking the resistance level and reaching new heights from the current price level. The Tron asset has started a remarkable climb, displaying a strong bullish urge in its strength by forming back-to-back bullish candles during daily sessions on its charts. It has also remained above the significant 20-day EMA and has been approaching the 50-day EMA band from below. The MACD also indicates a robust bullish crossover, with a histogram at 0.00120, the MACD line at 0.000070, and the signal line at -0.001133. Also, the RSI is moving higher with more speed, suggesting that the Tron crypto asset is not yet overbought since it is at 52.51 and can maintain its upward direction. Overall chart analysis indicates that the Tron crypto asset shows bullish characteristics and may reach higher levels by continuing its ongoing breakout on the daily chart. It also displayed excellent performance the previous week with a 5.19% increase, suggesting a robust upward spike and the potential to retest the supply level at $0.14250. At press time, the Tron crypto trades at $0.1182, with an intraday loss of 0.82%, a 24-hour trading volume of 415.30 million, and a market capitalization of 10.34 Billion. If the price continues to attract more buying interest, it could achieve higher targets at $0.13000 and $0.14000. However, a failure to sustain support at $0.10500 may cause price gains to drop and hit lower support levels.
BITFINEX:TRXUSDLong
by Sam_TCR
1
ron crypto has displayed a sign of revivalThe price performance of Tron highlights a good performance on the chart in the quarter by 12.11% respectively. But, this week's and month's performance was not good as it deteriorated with a -5.79%, and -13.91% respectively, its price dropped to form a support at $0.110. The Tron asset is showing bullish traits and is experiencing a minor decline of -1.35 % in the last 24 hours, currently trading at $0.118, this displays that it can achieve more growth in the coming session. The recent price structure of Tron crypto has displayed a sign of revival as the price showed a spike from a critical level of around $0.110 on the chart. The TRX asset is showing bullish strength and rising potential as it is on its way to cut the 20-day EMA and 50-day from below. In the same way, the Tron asset shows positivity as the histogram is declining, which is causing the gap between MACD and the signal line to converge. Likewise, the RSI displays a u-turn in its curve, suggesting that the TRX asset has more room to grow, as it has crossed 14-SMA from below, these conditions signify bullishness. Therefore, if the demand for the Tron asset price rises, it could bounce back from the current level. The next target for the price is to reach $0.126, and $0.132. However, if the TRX crypto price fails to stay above the $0.110 level, it could decline further, and breaking this support will lead to lower depths.
BITFINEX:TRXUSDLong
by Sam_TCR
💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.1230). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . TRXUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 71. Take Profits: TP1= @ 0.1299 TP2= @ 0.1361 TP3= @ 0.1415 TP4= @ 0.1482 TP5= @ 0.1557 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITFINEX:TRXUSDLong
by ForecastCity_ME
1