• Well, while everyone was looking at #мемкоины and all the crap – #TRX has been growing unnoticed for 2 years. And this is not even taking into account the direct connection with #Tether , the Tron ecosystem itself is very worthy.
💵Although it couldn’t do without memecoins here either – the recent pump was associated with the opening of a platform for launching meme tokens based on Tron. Now, considering that the hype has already cooled down, it’s time for the asset to correct – a sharp decline is already observed on the chart. 🕸
🌍Here it is important to monitor the key level of $0.13-$0.145, the magnetic zone, the test of which we should see. That is, either we will have a successful retest after which the asset will turn around and go further up and update the ATH, or the zone will be lost and the potential for a deeper correction will open up. At the moment, I am more inclined to the first option, since a record number of shorts are open on the coin, which means we have accumulated a huge amount of liquidity that will need to be collected. I will also note that at the key level we also have 0.618 according to Fibonacci and a trend line, which has worked well all this time. ⬆️
💲The asset is undoubtedly one of the strongest on the market and updating the ATH is a matter of time here.