๐ TRX Soars to New Highs Amid Strong Demand!๐
TRX, the native coin of the decentralized blockchain Tron, has surged by nearly 15% over the past 30 days, reaching $0.12, its highest level since March. This rally began on May 29, with TRX climbing from its year-to-date low of $0.11 to its current position.
The increase in TRXโs Relative Strength Index (RSI) to 74.13 indicates strong demand, although it also suggests potential buyer exhaustion, which could lead to a slight price correction. Despite this, the spike in TRXโs spot price has driven significant activity in its derivatives market, with futures open interest rising by 39% to $84.07 million.
Comparatively, Bitcoin (BTC) remains a strong influence on the market. As of today, Bitcoin trades at approximately $60,000, showing stable performance.
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