Tron Ecosystem Rise! Memecoin Becomes the Next 10x Gem?
Recently, the Tron network has risen rapidly in the crypto market, surpassing many top tokens and ranking in the top ten of the cryptocurrency market capitalization rankings with a market capitalization of $12.776 billion. This strong performance has not only driven the rise in TRX prices, but also brought substantial growth to Tron-based altcoins such as SUNDOG.
Tron (TRX) Price Trend Analysis
TRX prices have continued to rise in recent days, rising 6.83% in the past 24 hours, with a trading volume of $778.23 million. More noteworthy is that TRX has accumulated a rise of about 16% in the past week, and the return rate has reached 36.43% since the beginning of the year. Technically, TRX prices are steadily moving upward, and the EMA 50-day support level indicates that the market is bullish on the token. In addition, the RSI broke through the overbought range in the 1D time frame, showing that buying pressure is further increasing. If TRX prices can continue to stay above $0.1450, bulls are expected to challenge the $0.160 resistance level in the coming weeks. However, if the market turns bearish, the price may fall back to the support level of $0.1275.
SUNDOG (SUNDOG) Price Trend Analysis
SUNDOG is a memecoin based on the Tron chain. After its debut on the Bitget exchange on August 15, it quickly attracted the attention of investors. In the past 24 hours, the price of SUNDOG has soared by 121.36%, with a trading volume of $59.942 million. It has risen by more than 290% since it hit an all-time low of $0.04197 two days ago. Tron founder Justin Sun has also mentioned the fundamentals and market activities of SunPump memecoin on social media many times, further strengthening the market's bullish expectations for its future. Currently, SUNDOG is trading at $0.1665, with a circulating supply of 1 billion and a market value of $165.332 million, ranking 243rd on the global cryptocurrency list.
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