With an amazing 66% increase over the previous week, the TRON price has been on an incredible upward path. Driven by a steady pattern of higher highs and higher lows, this great momentum has propelled the TRON price to a new ATH of $0.44. But the TRON price chart shows that the altcoin has just dropped by more than 20% from its ATH to less than $0.35.Â
The price of TRON is still testing the vital $0.33 support zone; it has shown indications of rejection, suggesting a possible bullish bounce. Should the trend carry on, TRON (TRX) might shortly retest its ATH, hence initiating another notable surge. With an amazing 105% increase over the previous month, TRON (TRX) keeps displaying great upward potential.Â
The MACD and Moving Averages among other technical indicators are clearly showing buy signals on the TRON price chart, thereby supporting the altcoinâs positive projection. These encouraging signals together with the current price action point to TRON (TRX) perhaps soon pushing past its ATH and rallying to the long-awaited $1 this cycle.
Dogecoin Set to Soar as Altcoin Season Nears and Bull Run Gains Momentum
Dogecoin is showing signs of upward momentum with its current price between $0.3868 and $0.4724. Over the past month, it has surged by over 155%, indicating strong investor interest. The 10-day simple moving average is slightly above the 100-day average, suggesting a positive trend. The Relative Strength Index (RSI) is around 50, implying the coin is not overbought. If Dogecoin breaks the nearest resistance level at $0.5042, it could target the next resistance near $0.5898, potentially increasing by another 20%. With the anticipated altcoin season and a bullish crypto market, Dogecoin may be set for significant growth in the coming weeks.
The price is in a downtrend as seen from the position of EMA(7), EMA(25), and EMA(99). EMA(7) and EMA(25) are below EMA(99), indicating bearish dominance.
Level Support dan Resistance:
Support: The lowest price in the last 24 hours is at 0.01536, which could be a support area.
Resistance: The highest price in the last 24 hours is at 0.017668, which is resistance.
RSI Indicator:
The RSI is around 50, indicating neutral conditions, not yet showing overbought (70+) or oversold (30-).
The current price is below EMA(7), EMA(25), and EMA(99), indicating a short-term bearish trend. This is a signal that the market is weak, and selling pressure is more dominant.
Lower highs and lower lows have formed in the last few candles, which confirms the downtrend.
2. RSI Indicator
The RSI is at 20.13, indicating that the market is in an oversold condition. This could mean that there is a chance for a price reversal to the upside in the near future, but additional confirmation is needed before entering a position.
Today, there are some interesting opportunities to buy crypto and optimal strategies for take profit (TP):
Buy Opportunity SUI:
The technical trend shows the current price is above the 20 and 50 EMA, indicating bullish. Potential increase from $3.40 to $4.40 if the trend continues, with support at $2.38 as a risk of correction. This is a buy opportunity if the price approaches supportâ
. Fantom (FTM):
FTM shows an inverse head-and-shoulders pattern, indicating a bullish reversal. Potential price targets are $1.14 to $2, especially after the launch of Sonic Mainnetâ
. Aptos (APT):
With an ascending triangle pattern, there is a chance of an increase to $20, although the risk of a decrease to $10.97 remains. Watch market volume for confirmationâ
â CRYPTOHARIAN . Take Profit Strategy Gradual TP:
Apply gradual exit scales at key price levels to average out optimal sell prices, rather than trying to maximize at the topâ
. Use Indicators:
RSI: Sell when RSI approaches or exceeds 70 (overbought). Bollinger Bands: TP when price touches the upper band, especially in an uptrendâ
. Risk Management:
Use the 2% rule to manage risk exposure on each position. Don't be too aggressive, especially in volatile marketsâ
. Volume Confirmation:
A price increase with high volume is a signal to maximize TP. If volume decreases as price increases, consider exiting earlyâ CRYPTOHARIAN . Important Notes Crypto remains a highly volatile asset. Thorough research and strategy are needed to mitigate risk.