TROY Price Surges 20%: What’s Behind the Sudden Spike?
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TROY price surged 20% in the past 24 hours, reaching $0.005307, boosting its market cap to over $45.77 million. This recent rally has captured attention, driven by the token’s new futures listings on major exchanges, including Bitget and Binance. These additions sparked a 100% jump in TROY’s price, significantly increasing investor interest.
Open interest in TROY futures climbed to a record $5 million, with most of the volume centralized on platforms like Binance, Bitget, and BingX. This figure marks a notable rise from last week’s low of $3.5 million, reflecting heightened demand following its listings on prominent exchanges, often fueling price momentum.
The recent announcement of a $10 million ecosystem fund has bolstered TROY’s development efforts. A strategic investment from Unicorn Verse, known for its involvement in projects like LeverFi and CoralApp, added to TROY’s upward momentum. Over the past month, TROY’s price has surged by 254%, underlining this AI and gaming-focused cryptocurrency’s strong market interest and future potential.
Will TROY Price hit $0.01 soon?
If the bullish trend for TROY continues, the token could potentially test its next resistance level at $0.008. A breakout beyond this point may lead to a rally towards the $0.01 mark.
However, if bearish pressure intensifies, the price could retest the recent support level around $0.005.
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