TRON's price consolidates near $0.080 against the US Dollar, potentially outperforming Bitcoin if above this level. Recently, TRX experienced a gradual decline from $0.094, following Bitcoin and Ethereum's pattern. It dipped below $0.0850, entering a short-term bearish zone.

TRX/USD trading pair, we observed a significant decline below the key support level of $0.0835. However, the decline found support around the $0.080 level, where bullish activity was evident. As a result, a low point was established near $0.0802, leading to a period of consolidation to offset the losses.

Currently, TRX is trading above the $0.0814 level and the 50-hourly simple moving average, indicating a potential upward movement. Furthermore, we can identify a crucial bullish trend line taking shape on the 4-hour chart of the TRX/USD pair, providing additional support around $0.0805.

The #TRX token is showing positive signs, with initial resistance anticipated around the $0.08230 area. If it surpasses this level, the next obstacle lies at approximately $0.08350. A decisive close above $0.0835 might trigger further upward momentum for TRX. In the event of a breakthrough above this level, the bulls may set their sights on the significant $0.0872 threshold, paving the way for a more substantial surge towards the key $0.0900 zone in the forthcoming days.

In the event that the TRX price encounters difficulty in surpassing the $0.08240 resistance, there is a possibility of a continuation of its decline. The initial support on the downside is expected around the $0.0800 zone, which aligns with the trend line. If this support is breached, the first major support level lies near $0.079. A breach below this level might result in an accelerated decline towards the $0.0760 mark.

Based on Coingabbar Price Analysis, the #TRON has a market value of $7,142,336,645. The coin's 24-hour trading volume is around $197,727,472.

KEY LEVELS :

RESISTANCE LEVEL : $0.08130-$0.08240

SUPPORT LEVEL : $0.07950-$0.07840

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

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#TRON price has experienced a notable upswing against the US Dollar, akin to Bitcoin's movement. The potential for TRX's price to continue rising remains, contingent on a successful breach of the $0.0810 resistance level.

Following a downward correction, Tron's price found a solid support zone around $0.07880 against the US Dollar. This established a foundation for TRX's recent upward surge, commencing from the low of $0.07887.

After surpassing the resistance levels at $0.0792 and $0.0800, TRON's price managed to rise above the 23.6% Fibonacci retracement level of the previous downward movement, which extended from the $0.08266 swing high to the $0.07887 low. 

However, it is currently trading below both $0.0800 and the 50-hourly simple moving average. On the 4-hour chart, there is a notable bullish trend line developing, offering support around $0.08050.

TRX is currently encountering resistance around the $0.0810 level, with the subsequent significant resistance located near $0.082. A decisive breakout above $0.082 might propel the price towards the $0.0850 resistance zone. Further bullish momentum could potentially drive TRX price higher to reach the $0.0880 level, and in an extended bullish scenario, even target $0.090.

TRX is currently facing resistance at $0.0810, along with the trendline resistance. Initial support lies around $0.0790 and the trendline, while a more significant support level is forming near $0.07800. A downside break below $0.07800 may lead to a revisit of $0.0750 support, with further losses possibly extending towards the $0.07200 zone.

Based on Coingabbar Price Analysis, the #TRX has a market value of $7,142,336,645. The coin's 24-hour trading volume is around $197,727,472.

KEY LEVELS :

RESISTANCE LEVEL : $0.08100-$0.08240

SUPPORT LEVEL : $0.07880-$0.07700

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#GOATMoments #Binanceturns6 #coingabbar

#TRON has experienced a recent downturn against the US Dollar, following in the footsteps of Bitcoin. The price of TRX may continue to decline further if it falls below the $0.0768 mark.

During the previous week, TRON saw a gradual rise above the $0.0750 resistance level against the US Dollar. However, TRX faced difficulties in maintaining momentum for additional gains and reached a peak around $0.0858.

Following a decline below the $0.0820 level, the price underwent a fresh downturn. It also slipped below the 50% Fibonacci retracement level of the upward movement, which extended from the $0.0740 swing low to the $0.0858 high.

Nevertheless, the bulls stepped in near the $0.0770 level. Furthermore, a significant bullish trend line is taking shape, providing support around $0.0777 on the 4-hour chart. Presently, the price is trading above $0.0780 and the 21-hourly simple moving average.

#TRX is encountering resistance in the range of $0.0790-$0.080 on the upside. The initial significant resistance lies around the $0.0820 level. It is crucial for the price to surpass and close above $0.0820 to initiate a new upward movement. If this scenario unfolds, there is potential for the price to ascend towards the $0.0855 resistance level in the short term.

Facing the downside, the first level of support is approximately at $0.0755. Subsequently, a notable support level is emerging around $0.0740. Should the price break below this support level, it could revisit the $0.0715 support. Further downward movement may result in a potential decline towards the $0.0700 zone in the near future.

Based on Price Analysis, the TRX has a market value of $6,956,745,265. The coin's 24-hour trading volume is around $402,741,536.

KEY LEVELS :

RESISTANCE LEVEL : $0.07900-$0.08200

SUPPORT LEVEL : $0.07500-$0.07300

Following the recent Bull Rally, we have observed consecutive red candles in the market. The burning question on everyone's mind is whether this is a temporary dip or an ominous signal of an extended decline. The fate of TRON is uncertain - will it surpass the $0.0800 mark or plummet in price? We welcome you to share your valuable insights in the comments section below.

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #BinanceTournament #crypto2023

TRON's value initiated a new uptrend above $0.0750. The potential for TRX's price to surge even higher exists if it successfully breaks through the resistance level at $0.0785. Over the recent days, Tron's price has experienced a consistent rise from the support area at $0.0682 against the US Dollar. The value of TRX remained strongly supported and managed to surpass the $0.0725 range.

After surpassing the levels of $0.0750 and $0.0765, TRON's price continued its upward momentum and entered a favorable territory. However, it encountered resistance in the vicinity of $0.0789, resulting in a high point near $0.0783.

Presently, TRON is undergoing a consolidation phase as it holds onto its gains. It is worth noting that the price remains comfortably above the 23.6% Fibonacci retracement level, calculated from the swing low of $0.0680 to the high of $0.0789. Currently, TRON is being traded above the $0.0770 level, along with the presence of the 100-hourly simple moving average.

#TRON encounters resistance at $0.0785, followed by a major barrier at $0.0800. Breaking above $0.0800 may drive the price towards $0.0820. Further gains could push TRX towards $0.0850, and potentially even $0.0880.

#TRX has initial support at $0.0770, with a significant bullish trend line forming near $0.0760 on the 4-hour chart. The next major support is developing at $0.0750. A break below the $0.0732 support could lead to a revisit of the $0.0720 support. Further losses may prompt a move towards the $0.0682 zone in the near future.

Based on Price Analysis, the TRX has a market value of $6,988,044,958. The coin's 24-hour trading volume is around $275,962,241.

KEY LEVELS :

RESISTANCE LEVEL : $0.07850-$0.08000

SUPPORT LEVEL : $0.07600-$0.07400

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#BinanceTournament #coingabbar #crypto2023

TRON initiated a recent upward movement above the $0.0720 level against the US Dollar, following a similar pattern observed in Bitcoin. TRX may experience further growth if it successfully surpasses the resistance at $0.0780.

Over the past few days, TRON's price displayed a consistent increase starting from the support zone at $0.0712 against the US Dollar. TRX remained in high demand and managed to ascend above the $0.0755 zone.

#TRON successfully surpassed the $0.0780 and $0.0788 levels, enabling it to enter a positive zone. However, the bears intervened as the price approached the $0.080 level. A peak was established near $0.0798, and the price is currently undergoing a correction. 

The downward movement resulted in a break below the 23.6% Fibonacci retracement level of the upward wave from the $0.0669 swing low to the $0.0798 high. Presently, TRON is trading below both the $0.0770 level and the 200-hourly simple moving average.

#TRX is currently encountering resistance around the $0.0770 level. The subsequent significant resistance lies near $0.078. If the price manages to close above $0.078, it could potentially move towards the resistance zone at $0.0800. Further gains could propel the TRX price towards $0.0825, and if it surpasses that level, it may even rise towards $0.085.

TRX is currently facing a significant challenge. If it fails to surpass the resistance at $0.0770, it may experience a downward trend. However, there is hope as an initial support level can be found near $0.0752. This level is further strengthened by a bullish trend line forming on the 4-hour chart. In the event that TRX falls below this level, the next major support is being established near $0.0718. A break below this level could lead to a revisit of the $0.0700 support level.

Based on Price Analysis, the TRX has a market value of $6,833,611,785. The coin's 24-hour trading volume is around $194,939,938.

KEY LEVELS :

RESISTANCE LEVEL : $0.07800-$0.08000

SUPPORT LEVEL : $0.07400-$0.07200

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #feedfeverchallenge #crypto2023

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The North Korean-backed Lazarus Group, 66th largest TRON (TRX) holder at $11.63 million. They reportedly have $45.8 million in crypto, mainly in Bitcoin ($42M) and $640,000 in stablecoins. Suspected to fund North Korea’s missile program, they stole nearly $200 million in June and July. The Lazarus Group, a hacking collective linked to North Korea, has emerged as a significant TRON whale, as per blockchain data. Lately, they’ve been busy making unlawful profits from cryptocurrency platforms. On September 26, PeckShield, a blockchain security company, revealed that the CoinEx Drainer, linked to them, possesses more than 137 million TRX, worth about $11.63 million.
Expanding Holdings of the Lazarus Group

CoinEx Drainer crypto holdings. Source: X/@PeckShieldAlert
On September 12, there was a hack at CoinEx, and they lost about $55 million. Interestingly, around a fifth of that money was in TRX, which is Tron’s native token. Right now, TRX is trading at $0.084, and it’s gone up by 8% in the last two weeks.
Now, here’s the kicker: The hacking group behind this is Lazarus from North Korea. A blockchain security firm called SlowMist figured that out. But, CoinEx got back on its feet and allowed deposits and withdrawals for some cryptocurrencies on September 21.
According to a Dune Analytics dashboard from 21 Shares, which is like a parent company, the Lazarus group has about $45.8 million in crypto right now. They had a lot more earlier in the year, over $80 million, but that was mostly because of a $41 million hack on Stake.com. While they do have a bunch of TRX, most of their stash is in Bitcoin, around $42 million worth.

Lazarus Group crypto balance over time. Source: Dune Analytics
Additionally, they’ve got $640,000 in stablecoins, with a focus on Binance USD (BUSD).
The FBI says that Lazarus swiped nearly $200 million from Atomic Wallet, Alphapo, and CoinsPaid in June and July.
Experts often mention that they’ve been using their stolen crypto money to support North Korea’s missile program.
Hacking Spree Persists
Crypto security experts at Elliptic have been keeping a close eye on Lazarus, and what they’ve found is quite alarming. In just 104 days, Lazarus launched five attacks and made off with a staggering $240 million.
What’s interesting is that some of the money stolen from CoinEx ended up in an address that had previously been used to hide funds taken from Stake. It seems Lazarus has changed its tactics this year.According to Elliptic, Lazarus is now more interested in targeting centralized services instead of decentralized ones. Plus, they’ve become quite crafty with their methods. They prefer to trick people through social engineering, especially employees at centralized crypto companies, using sophisticated phishing attacks with their Lazarus malware. Be careful out there!
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptoNews #LazarusGroup #TRON #TRX #CoinEx