The price is forming a descending triangle at a strong fibo level of 38.2%. The trend line and 200 MA are important support levels. If the triangle is broken down, the price may break through the uptrend and fall to the level of 61.8% Fibo
In the realistic possibility that a vast majority of TRX is burnt in the next year, we could see a hyper deflationary spiral causing TRX to increase 35x-100x in market cap, and 3000x in price.
Based on the average burn rate of 284 million TRX per day since USDD launched, it's possible that 99% of the circulating supply of TRX is removed from circulation over the...
TRON came up out of the downward channel.
The TRC-20 network has seen sustained high activity.
Justin Sun's Stablecoin USDD has almost recovered its peg to the U.S. dollar.
The price of the token is above liquidity.
The current TRX movement looks like a bullish flag.
Trading volumes have risen on the formation of the flagpole, but the flag itself is forming on...
After analyzing the TRON, weakness in uptrend is observed. Due to the market momentum, there is a possibility that TRON will crash. but first, set a trigger for entry position and do not forget about SL
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Let's break down the TRON chart
On the chart, it showed a trend line that served as a local support; after the breakdown, it is now a resistance zone.
The price tested the local resistance zone but failed to break through and consolidate above the local...
Wave-B has formed into a double combination which are normally retraced 80%. Wave-E from beginning to end should also be related to wave-C by 61.8% in price, and C+D in time. This leaves us with a target of 5.5 cents for TRX, which could happen around February or March.
Following this correction we should see an explosive rally which will take TRX well above all...
TRX Price $0.133197
TRON ROI 6909.8%
Market Cap $9,544,890,728
Market Cap Dominance 0.38%
Trading Volume $5,067,746,034
Another coin that fell off many people's portfolios after the broken hearts and lack of movement after the 2017 hype. Here are a couple of my proposed scenarios. In order for me to maintain a longer time bias to the upside and to maintain...
TRON (TRX) prices have jumped by over 24% since the U.S. Federal Reserve raised the interest rates by 75 basis points. Meanwhile, the TRON blockchain has also gained the support of Crypto finance, an asset management group.
The TRX token has registered a tumbling week as it dropped with correlating with the other major cryptocurrencies. However, the recent surge...
Despite initially outperforming amid the recent crash, TRON (TRX) prices have dropped by over 16% in the last 24 hours. In order to defend and build support, Justin Sun, TRON head has planned to deploy over $2 billion.
With the USDD stablecoin briefly losing its peg, Tron deployed $700 million to support the stablecoin and maintain redemptions.
Justin Sun in a...
The fall of the Tron was amplified by the unpeg USDD situation.
TRON DAO reported new purchases of TRX and BTC.
Justin Sun said he has $2 billion to fight negative rates on TRX futures. This amount is almost equal to the coin's daily trading volume.
The TRX continues to hold the global upside structure.
The price is in the liquidity zone near the lower boundary of...