#TRON Shows Resilience Amid Market Volatility

In the first week of September 2024, TRX’s price dropped slightly, losing nearly 2.83%. This token started the week at around $0.160 but slowly slid, reaching a low point of around $0.151. The drop came from bigger market movements and investor sentiments that have intensified the selling pressure on TRX.

Even with the recent drop, #TRX ’s price showed signs of recovery. Thus, investors want to buy TRON’s native token despite recent setbacks. Several factors boosted TRX’s resilience. They include a growing revenue generated by its underlying TRON blockchain.

On the monthly chart, TRX is up by 22%, rising from lows of $0.124. It outperformed the general crypto market, pushed by a buzz surrounding the TRX memes.

Hoping to capitalize on this momentum, analysts predict a surge towards $0.255 in the coming weeks and possibly reach a new all-time high above $0.505 by the end of 2024.

Arbitrum to Surge Amid Growing Network Strength

While many cryptos encountered bears in the first week of September 2024, Arbitrum was slightly bullish. Nonetheless, the token seems on the verge of breaking above a bullish pattern. CoinMarketCap’s data showed that #ARB bulls have returned and are trying to push the token higher.

The bad news that limited the bulls was that 0% of ARB investors were in the profit zone per IntoTheBlock. Interestingly, long-term holders increased slightly, highlighting their confidence in a price surge.

The great news was that ARB’s price was moving within a bullish pattern. World Of Charts, a renowned crypto news analyst, published a tweet highlighting a bullish falling wedge pattern.

Furthermore, the token’s network growth also increased massively. A surge in this metric means that more new addresses were created. Also, a bullish divergence appeared on one of ARB’s technical indicator charts, pointing to a possible bullish breakout.

ARB was valued at $0.502, up 0.14% at the end of the first week of September. Experts believe Arbitrum will surge to $0.615 this month, powered by bullish fundamentals in its underlying network.

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