đTRXUSDT gaining Momentum in the Market. Potential Longđđ
TRONUSDT is currently trading at $0.1569, with a 1.86% increase in the past day. The market cap is $13,588,593,395, ranking 9th globally.
Since the launch of the platform for meme coins, the Tron network has gained significant attention in the crypto space. The price action of
TRXUSDT looks promising, by a smooth structure of higher highs and higher closes. Recently, the market made a pullback from the resistance zone and is currently testing the support level at 0.1525, which has been respected twice before.
I expect the market to bounce back from this support level and the upward trendline, especially as we are observing some rejection candles forming.
Market Sentiment
Some analysts predict a potential breakout above the resistance level, which could lead to significant gains. However, others suggest that TRON's main structure is bearish, and it may drop from the current price range
Trade Ideas
- Long-term investors: Hold/Buy, targeting $0.70
- Short-term traders: Wait for confirmation, with potential entry at $0.32-0.34 and stop loss at $0.28
- Breakout strategy: Buy on breakout above $0.4345, targeting $0.47
Keep in mind that cryptocurrency markets are highly volatile. Always consult multiple sources and consider your risk tolerance before making investment decisions.
