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Tron (TRX) Hits 30-Day High: Will the Rally Continue?
Tron (TRX) is closing June on a high note, trading at $0.12, its highest level in the past 30 days. The altcoin has surged nearly 10% over the last month.
On-chain data shows a strong demand driving TRX’s price rally. The Relative Strength Index (RSI) for TRX stands at 66.25, indicating a bullish trend with most investors accumulating rather than selling. The RSI, which ranges from 0 to 100, signals overbought conditions above 70 and oversold below 30. TRX's current RSI suggests continued interest in buying.
However, some traders are capitalizing on the price rise, with exchange inflow volume increasing by 4% over the past 30 days. This metric, which tracks assets moving to exchanges for potential selling, shows 181.81 million TRX worth $22 million currently on exchanges.
Bullish sentiments are evident with the Parabolic Stop and Reverse (SAR) indicator showing dots below TRX’s price, indicating an uptrend. If this trend persists, TRX could rise from $0.12 to $0.13.
However, if profit-taking intensifies, it could reverse the trend and push TRX down to $0.11.
#TRX #tron $TRX $BTC #bitcoin
Tron (TRX) is closing June on a high note, trading at $0.12, its highest level in the past 30 days. The altcoin has surged nearly 10% over the last month.
On-chain data shows a strong demand driving TRX’s price rally. The Relative Strength Index (RSI) for TRX stands at 66.25, indicating a bullish trend with most investors accumulating rather than selling. The RSI, which ranges from 0 to 100, signals overbought conditions above 70 and oversold below 30. TRX's current RSI suggests continued interest in buying.
However, some traders are capitalizing on the price rise, with exchange inflow volume increasing by 4% over the past 30 days. This metric, which tracks assets moving to exchanges for potential selling, shows 181.81 million TRX worth $22 million currently on exchanges.
Bullish sentiments are evident with the Parabolic Stop and Reverse (SAR) indicator showing dots below TRX’s price, indicating an uptrend. If this trend persists, TRX could rise from $0.12 to $0.13.
However, if profit-taking intensifies, it could reverse the trend and push TRX down to $0.11.
#TRX #tron $TRX $BTC #bitcoin
In the past few sessions, #tron price started a decent increase from the $0.062 support zone against the US Dollar.
#TRX price remained well bid and started a decent increase above the $0.064 zone.
#crypto2023 #Binance #bearorbull
#TRX price remained well bid and started a decent increase above the $0.064 zone.
#crypto2023 #Binance #bearorbull
Tron DAO has announced the launch of the Artificial Intelligence Development Fund
🚀
#Binance #tron #pump #onecoinmultiplechains #bnbgreenfield
🚀
#Binance #tron #pump #onecoinmultiplechains #bnbgreenfield
Tron founder says in a new Twitter thread that the framework will work for artificial intelligence research company OpenAI and its flagship project, ChatGPT, an AI chatbot that’s gone viral in the past few months. #bnbgreenfield #tron #onecoinmultiplechains #pumpanddump #ETH
TRON [TRX] uptrend momentum slows: Is a short-term price consolidation likely?
✓TRX was bullish on the lower timeframes.
✓TRX could break above or oscillate within the $0.05630 – $0.05695 range.
#crypto2023 #tron
✓TRX was bullish on the lower timeframes.
✓TRX could break above or oscillate within the $0.05630 – $0.05695 range.
#crypto2023 #tron
Tron-TRX Generated $48 Million in Revenue in Q4, 2022: Research.
#tron #trx #crypto2023 #bearorbull #cryptoonindia
#tron #trx #crypto2023 #bearorbull #cryptoonindia
Domestic cryptocurrency investment sentiment remains wait-and-see following last week
A recent survey Kratos sought to gauge the sentiments of domestic investors on the cryptocurrency market. The survey was conducted from March 28 to March 30 and sampled 2,000 respondents with a reliability rate of 95% and a sampling error of ±3.0%.
The survey revealed that 49.6% of respondents predicted a rise or surge in Bitcoin's price for the current week. This represented a slight decline from the previous week's 53% prediction. Meanwhile, 14.8% of respondents anticipated a decline or sharp decline, which was similar to the previous week.
In terms of market sentiment, 52.8% of respondents felt neutral, while 33.8% felt optimistic or extremely optimistic. This was comparable to the previous week's survey results.
When asked which cryptocurrency they would sell in the next week, excluding Bitcoin, Ethereum, Ripple, and Doge, 2.3% of respondents selected Tron. This was followed by Polygon, Solana, Cardano, and Milk. On the other hand, the cryptocurrencies to be bought were ranked in the order of Tron, Polygon, Klaytn, Milk, and Aha Token.
Finally, when asked about the future impact of the US regulator's investigation into Binance, 41.2% of respondents predicted that it would lead to a price drop.
The survey highlights the perspectives of domestic investors on the cryptocurrency market, providing insights into their sentiment, predictions, and future outlook.
#tron #polygon #solana #xrp #Ethereum
The survey revealed that 49.6% of respondents predicted a rise or surge in Bitcoin's price for the current week. This represented a slight decline from the previous week's 53% prediction. Meanwhile, 14.8% of respondents anticipated a decline or sharp decline, which was similar to the previous week.
In terms of market sentiment, 52.8% of respondents felt neutral, while 33.8% felt optimistic or extremely optimistic. This was comparable to the previous week's survey results.
When asked which cryptocurrency they would sell in the next week, excluding Bitcoin, Ethereum, Ripple, and Doge, 2.3% of respondents selected Tron. This was followed by Polygon, Solana, Cardano, and Milk. On the other hand, the cryptocurrencies to be bought were ranked in the order of Tron, Polygon, Klaytn, Milk, and Aha Token.
Finally, when asked about the future impact of the US regulator's investigation into Binance, 41.2% of respondents predicted that it would lead to a price drop.
The survey highlights the perspectives of domestic investors on the cryptocurrency market, providing insights into their sentiment, predictions, and future outlook.
#tron #polygon #solana #xrp #Ethereum
Justin Sun, the founder of Tron, has put forward a proposal to acquire Credit Suisse for $1.5 billion.
#tron #crypto2023 #crypto101
#tron #crypto2023 #crypto101
