The price of Bitcoin is still hovering in a narrow range, creating opportunities for the rise of other altcoins. While mainstream tokens have received much attention, the recent performance of the top ten tokens has been particularly eye-catching! Tron (TRX) has risen against the trend, increasing over 100%, reaching a new six-year high of $0.44.
In this turbulent market, tokens seem to have entered a new discovery phase. Investors are eager for the upcoming market trends, and many believe that the next movements could be extremely optimistic.
For friends keen on digital currencies, this is undoubtedly a moment worth paying attention to. As market sentiment shifts and technology develops, opportunities for altcoins are gradually surfacing. Let's wait and see if these tokens can maintain their strength in the upcoming trades and bring us more surprises! In this wave of rising tide, perhaps you can also find your own investment opportunity. Come and pay attention!
A historic moment, accompanied by unimaginable surges, future volatility will become significant; the cycle of rises will eventually come to an end, but the specific timing is unknown. In December, there are interest rate cuts, data releases, the American New Year, Japan's interest rate hike process, etc. Everyone can pay attention to these upcoming events to see if they can bring some insights. Finally, the American New Year is approaching; in the new year, with new layouts, new strategies, and new ideas, if you really can't manage in the crypto space, don't force yourself, come find me for guidance.
The price of Tron (TRX) is expected to reach $1.
In just a few hours, the price of Tron surged over 100%, reaching a new high of $0.44. The main reason is the increase in liquidity, with Tether minting a large number of new USDT on Ethereum and Tron networks. As a result, the trading volume of this token surged over 500%, becoming the fourth largest asset by trading volume of the day, following USDT, BTC, ETH, and XRP.
Bulls seem to have gained significant strength, but the current trading setup suggests there may be some room for a pullback. The price is testing the upper resistance of the ascending wedge, and if it breaks through, the price could soar to $0.7, face a pullback to $0.5, and then rebound to $1.
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 through $1.