The price of Bitcoin still hovers within a narrow range, creating opportunities for the rise of other altcoins. Although mainstream tokens are in the spotlight, the performance of the top ten tokens has been particularly eye-catching recently! Tron (TRX) has risen against the trend, increasing over 100%, reaching a new high of 0.44 dollars in six years.
In this turbulent market, tokens seem to have entered a new discovery phase. Investors are full of expectations for the upcoming trends, and many believe that the next movements could be extremely optimistic.
For friends who are enthusiastic about digital currencies, this is undoubtedly a moment to pay attention to. As market sentiment shifts and technology develops, opportunities for altcoins are gradually surfacing. Let’s wait and see if these tokens can continue to maintain their strength in upcoming trades and bring us more surprises! In this wave of rising prices, perhaps you can also find your own investment opportunity. Come and pay attention!
A historic moment, accompanied by unimaginable increases, the future volatility will become significant. The rotation trend will eventually come to an end, but the specific time is unknown. In December, there are interest rate cuts, data releases, the American New Year, Japan's interest rate hikes, etc. Everyone can pay attention to these upcoming events and see if they can provide some insights. Lastly, with the American New Year approaching, a new year brings new layouts, new strategies, and new ideas. If you really can't manage the crypto world on your own, don't force yourself; come find me for guidance.
The price of Tron (TRX) is expected to reach 1 dollar.
In just a few hours, the price of Tron surged over 100%, reaching a new high of 0.44 dollars. The main reason is the increase in liquidity, with Tether minting new USDT in large quantities on the Ethereum and Tron networks. As a result, the trading volume of this token soared over 500%, making it the fourth largest asset by trading volume that day after USDT, BTC, ETH, and XRP.
Bulls seem to have gained tremendous strength, but the current trading setup indicates that there may be some room for a pullback. The price is testing the upper resistance of the ascending wedge; if it breaks through, the price could soar to 0.7 dollars and face a retracement to 0.5 dollars, then rebound to 1 dollar.
However, the monthly RSI has reached above 91, indicating that a relaxation phase may begin soon. This could keep the price consolidating within the wedge until it peaks and subsequently breaks above 1 dollar.