$TRX found its floor Buyers stepping in strong at support | BullishBanter en Binance Square

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$TRX  found its floor
Buyers stepping in strong at support
Next leg up soon 
Let’s see how it plays—markets love surprises

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TRX

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-7.74%

3.3k

0

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Technical Analysis: Breakout Gainers – $MOVE , $USUAL , #AKRO , #WRX , #ZEN , and $TROY The market has some bright spots with notable gainers leading the way. MOVE is up 12.36%, trading at $0.7308, showing strong bullish momentum. If MOVE breaks above $0.75, it could target $0.78 in the short term. However, a pullback to $0.70 may offer a buying opportunity for traders. Similarly, USUAL has surged 12.35% to $1.2338, holding above critical support. A sustained move above $1.25 could push it toward $1.30, while a retracement below $1.20 might trigger consolidation before the next breakout. AKRO is up 9.66%, trading at $0.002328, and showing potential for further gains if it can break resistance at $0.00240. WRX and ZEN have also posted gains, with WRX climbing 4.81% to $0.1067 and ZEN increasing by 2.04% to $14.97. WRX could face resistance at $0.11, while ZEN’s next target lies near $15.50 if bullish sentiment persists. Lastly, TROY has risen modestly by 1.41%, trading at $0.005685, indicating steady accumulation. If TROY holds above $0.0056, it may aim for $0.0058. These coins present strong opportunities, and traders should watch for breakout confirmations to ride the momentum. #Write2Earn!

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Technical Analysis: Severe Losses in #ARKM , #NTRN , $PEPE , $BOME , #PEOPLE , and $DOGS ... The cryptocurrency market is facing heavy bearish pressure, with ARKM taking a significant hit, dropping 21.23% to $1.473. This steep decline positions ARKM near a crucial support at $1.45. A breakdown below this level could extend losses to $1.40, while a recovery above $1.50 might trigger a short-term bounce. Similarly, NTRN has fallen 21.04% to $0.3730, breaking through critical support levels. Traders should monitor the $0.37 mark, as a failure to hold could push the price toward $0.36, whereas a rebound might target $0.38. PEPE has also dropped 21.03% to $0.00001705, with strong selling momentum. If PEPE fails to defend $0.000017, it risks a further slide toward $0.00001650. On the other hand, BOME, now trading at $0.005949 after a 20.96% drop, is testing support near $0.00590. A breakdown here could lead to $0.00580, while a recovery could push it back toward $0.0060. PEOPLE and DOGS have experienced losses of 20.80% and 20.64%, trading at $0.04342 and $0.0005102, respectively. PEOPLE is near critical support at $0.043, and DOGS must hold $0.00050 to avoid deeper declines. These steep losses highlight the importance of tight stop-losses and strategic planning for traders looking to navigate these volatile markets. #Write2Earn!

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Technical Analysis: Critical Declines in $PENGU , $1000CAT , $VANA , #VELODROME , and #ME ... The cryptocurrency market is witnessing significant losses, with PENGU taking the lead, dropping 25.54% to $0.028600. This sharp decline places PENGU at a critical support zone near $0.028. A failure to hold this level could trigger a further decline toward $0.025. 1000CAT is down 20.88%, trading at $0.03470, reflecting increased selling pressure. The coin is nearing a key support level at $0.033, with a possible rebound pushing it toward $0.037 if market sentiment improves. VANA, trading at $15.342 after a 9.48% decline, shows signs of weakness as it approaches $15, a crucial psychological support. Traders should monitor this level closely for either a bounce or a breakdown toward $14.50. VELODROME and ME have also seen bearish movements, with VELODROME down 3.88% at $0.2032, holding relatively steady compared to others. A drop below $0.20 could lead to a deeper correction, while a recovery above $0.21 may signal a potential rebound. ME, on the other hand, has dropped 12.95% to $2.708, with critical support near $2.65. A breakdown could push it toward $2.50, while resistance at $2.80 remains a hurdle for any recovery. Overall, the market's bearish momentum suggests caution, with traders advised to use tight stop-losses and carefully plan entry and exit points to navigate the ongoing volatility. #Write2Earn!

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Technical Analysis: Market Downturn Hits Hard – $SOL , $ADA , #SHIB , #SUI , #LINK , $NEIRO , and #PENGU ... The crypto market is under significant bearish pressure, with SOL taking a 9.81% hit, now trading at $195.13. SOL is at a critical juncture, with support near $190. A failure to hold above this level could lead to further downside toward $185. ADA has seen a steep decline of 14.65%, trading at $0.8938, breaking below the psychological $0.90 mark. A rebound could push ADA toward $0.92, but continued selling may pull it closer to $0.85. SHIB also faces a sharp drop of 14.96%, trading at $0.00002205, testing crucial support at $0.00002150. A break below this could lead to a slide toward $0.00002050. Altcoins like SUI and LINK are not spared, with SUI losing 10.90% to trade at $4.21, nearing critical support at $4.10. LINK, down by 17.55% at $22.84, is facing heavy selling and may test $22 as its next major support level. Among smaller caps, NEIRO leads the losers with a massive 26.27% decline to $0.00102727, and PENGU follows with a 24.59% drop to $0.028749. Both coins are in freefall, testing key supports. NEIRO could drop further to $0.001, while PENGU risks heading toward $0.025. Traders should proceed with caution, employ tight stop-losses, and look for consolidation zones or signs of recovery to make profitable moves. #Write2Earn!

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Technical Analysis: Spotlight on Hot Coins – #BNB , $BTC , #ETH , $DOGE , #PEPE , and $XRP .. The market has taken a sharp bearish turn, with major coins facing significant losses. BNB is trading at $670.50, down by 6.56%, showing a break below critical support. If BNB fails to reclaim $680, the next downside target lies near $650. BTC, at $98,710.01, has dropped 5.51%, testing key psychological levels. A failure to hold above $98,000 could push BTC toward $95,000, while a recovery above $100,000 could bring back bullish momentum. ETH leads the major losses with a 9.82% drop to $3,494.95, breaching key support levels. ETH needs to reclaim $3,550 quickly to prevent a slide toward $3,400. On the altcoin front, DOGE has plunged by 17.93% to $0.31831, showing intense selling pressure and approaching $0.31 support. A breakdown here could push it toward $0.30. PEPE, experiencing the biggest drop, is down 20.11% at $0.00001728, nearing critical support at $0.000017. A break below could lead to further capitulation, while a recovery might test $0.000018. XRP has fallen 7.91% to $2.2873, holding just above $2.28 support. Traders should watch for a breakout above $2.30 for a potential reversal, while a break below $2.25 could accelerate losses. The overall market sentiment remains bearish, demanding cautious trading strategies with well-placed stop-losses and profit targets. #Write2Earn!

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