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Trxusdt

Is TRX on the Brink of a Major Reversal?Yello, Paradisers! #TRX is approaching a crucial resistance zone between 0.1690 and 0.1730, a region that has acted as a ceiling since 2021. This #TRXUSDT's level’s historical significance hints that long-term sellers could re-enter the market, drawn by its psychological impact on traders. 💎Further supporting this cautious outlook is the bearish divergence appearing on the charts, suggesting that bullish momentum may be faltering. This sets the stage for a potential correction, as bulls may struggle to maintain their push through this significant resistance. 💎Should bulls face rejection around the 0.1685 to 0.1730 resistance zone, sellers could seize the opportunity, pushing TRX down towards the 0.1620 level. Following this price faces a pivotal challenge from the ascending support at 0.1580. A breach of this support would signal an intensified phase of profit-taking, setting the stage for a drop to the critical support region between 0.1420 and 0.1395, where significant short-covering could emerge. 💎While the probability is lower, sustained selling pressure could extend the corrective phase even further, eyeing targets between 0.1240 and 0.1215. This would mark a deeper retracement, emphasizing the need for traders to monitor these developments closely. Stay sharp and disciplined, Paradisers. The market is at a pivotal juncture, and only those with a well-crafted strategy will navigate it successfully. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Jack
1
TRON Partners With Chainlink to Strengthen Its DeFi EcosystemTRON ( AMEX:TRX ) has made a strategic move by joining forces with Chainlink SCALE, effectively making Chainlink Data Feeds the official oracle provider for TRON’s decentralized finance (DeFi) ecosystem. This collaboration marks a significant upgrade to TRON’s blockchain infrastructure, introducing high-quality and decentralized oracle solutions to TRON’s $6.5 billion total value locked (TVL) in DeFi. TRON DAO Partners with Chainlink SCALE In a strategic shift, TRON DAO recently announced its partnership with Chainlink, one of the most recognized decentralized computing platforms globally. The integration enables TRON to harness Chainlink’s industry-leading oracles, which will replace WINkLink as the primary oracle solution for TRON's ecosystem. With Chainlink Data Feeds securing more than $6.5 billion in TVL within TRON’s DeFi applications—such as JustLend and JustStable—the partnership promises to enhance security, precision, and reliability in TRON’s DeFi sector. According to TRON’s founder, Justin Sun, joining Chainlink SCALE will ensure that TRON’s DeFi environment has dependable data, a foundational necessity for the expansion of DeFi applications on the network. This new system allows developers on TRON to access high-quality pricing and market data, contributing to a more robust and scalable decentralized economy. Driving the Next Generation of DeFi on TRON The adoption of Chainlink Data Feeds on TRON means more than just a technical upgrade. It represents a pathway to expand TRON’s ecosystem while offering enhanced stability, increased scalability, and reduced operational costs for early-stage DeFi applications. Chainlink SCALE introduces a model where TRON initially covers certain gas fees for using Chainlink’s oracles, fostering DeFi growth until the ecosystem matures and user fees can sustain these costs independently. Thodoris Karakostas, head of blockchain partnerships at Chainlink Labs, voiced his enthusiasm, noting that Chainlink’s high security and reliable on-chain market data provide TRON developers with the tools needed to create the next generation of DeFi applications. This integration, he emphasized, will bolster TRON’s foundation for a decentralized internet—a vision at the core of TRON DAO’s mission. TRON’s Commitment to Growth and Innovation In addition to the Chainlink partnership, Justin Sun recently commented on TRON's growing ecosystem and the anticipated rise of memecoins on the platform. He highlighted the community’s role in supporting these developments and expressed confidence in a new growth phase if AMEX:TRX surpasses its previous peak, potentially triggering a wave of FOMO-driven interest in TRON’s DeFi and memecoin markets. This commitment to innovation signals a brighter future for TRON as a hub of decentralized finance, and Chainlink’s proven track record in supporting high-volume transactions and delivering reliable data positions TRON advantageously. Technical Analysis Currently, AMEX:TRX is trading within an overbought channel with an RSI of 77, reflecting its strong demand following the Chainlink partnership announcement. This movement aligns with previous trends observed in AMEX:TRX ’s price behavior, where periods of bearish momentum were often followed by bullish reversals. This pattern indicates TRX’s resilience and suggests potential for sustained price growth, especially with heightened interest from institutional investors and developers exploring TRON’s DeFi space. From a technical standpoint, AMEX:TRX offers a relatively stable investment opportunity, appealing to traders looking for a balance between growth and moderate risk. The blockchain’s notable transaction speed and scalability, combined with its new oracle integration, are factors that solidify its position as one of the most secure and reliable assets within the DeFi landscape. The Strategic Implications for Investors With Chainlink Data Feeds now part of TRON’s foundational infrastructure, the TRON network is positioned to enhance its appeal for DeFi developers and investors alike. The partnership not only promises to make TRON’s DeFi ecosystem more resilient and scalable but also strengthens its ecosystem’s security—vital as TRON seeks to decentralize the internet through blockchain technology and decentralized applications (dApps). The long-term implications are clear: TRON’s partnership with Chainlink represents a new era for its DeFi ecosystem. As the TRON DAO continues to expand, AMEX:TRX stands poised to benefit from increased market confidence and user adoption. For investors, this development presents an attractive opportunity to capitalize on TRON’s expanding ecosystem and DeFi potential. In summary, the TRON-Chainlink collaboration marks a transformative milestone in TRON’s roadmap. With enhanced infrastructure, reduced operational costs, and a renewed commitment to scalability, AMEX:TRX solidifies its role as a key player in the decentralized finance sector. For investors, TRON’s commitment to innovation and growth signals a robust opportunity, particularly in the evolving DeFi space.
Long
by DEXWireNews
2
Justin Sun’s Vision and the Growth of Tron’s Memecoin EcosystemJustin Sun, the visionary behind Tron, is sparking fresh excitement in the memecoin arena with his strategic moves and groundbreaking developments on the network. With the recent launch of SunPump, a platform designed to bolster memecoin creation on Tron, Sun is preparing for a “second wave” of memecoin growth, backed by continuous development, strategic community involvement, and robust ethical standards. A New Era for Tron’s Memecoins Sun believes the next growth cycle for Tron’s memecoins is imminent. He’s actively promoting a community-driven approach, which he feels is key to sparking fresh investment and driving adoption. The memecoin wave aligns with the overall growth of Tron’s native token, AMEX:TRX , which experienced a 24% boost in market capitalization in Q3 2024 alone—from $11 billion to $13.5 billion. Tron’s commitment to memecoin culture is part of a larger push to position AMEX:TRX among the top 10 cryptocurrencies, where it currently stands close behind giants like XRP and Dogecoin. Technical Outlook: TRX’s Rising Deflationary Mechanism One significant factor driving TRX’s recent performance is its robust deflationary model. With a capped total supply of 100 billion tokens, TRX's circulating supply dropped from 87.2 billion to 86.62 billion in Q3, thanks to an intensified burn schedule that increased its annual deflation rate to -2.7% from -2.4%. This steady reduction in circulating supply is a powerful mechanism that can potentially support higher valuations by restricting token availability. In August alone, Tron ( AMEX:TRX ) witnessed its largest-ever single-day burn on the SunPump platform, where 270 million AMEX:TRX tokens, valued at $42 million, were removed from circulation. This burn policy has helped sustain positive price momentum for AMEX:TRX , contributing to a 1.83% increase, currently hovering at $0.17. TRX’s pairing with BTC has also gained traction, with a notable 25% increase driven by the popularity of SunPump and heightened USDT transactions on the Tron network. SunPump’s Impact on the Tron Ecosystem SunPump’s launch marks a bold step into the world of memecoins, with SunPump acting as both a “meme fair” and a streamlined platform for creating new meme tokens on Tron’s blockchain. This initiative aims to simplify the process of memecoin creation, making it accessible to developers and investors who wish to engage with this growing market sector. SunPump has already made a splash, inspiring tokens like $SUNDOG and $TRONBULL, which rapidly gained popularity and captured the attention of the wider crypto community. Ethical Guidelines for AI Memecoins In a nod to Asimov’s Three Laws of Robotics, Sun has crafted “The Asimov Three Laws of AI Meme Coin Ethics” to ensure a fair and ethical framework for AI-driven memecoin projects on Tron. These rules emphasize that AI should avoid self-serving activities, prioritize human interests, and maintain the integrity of its own projects without harming others. Sun’s adaptation of Asimov’s principles for AI highlights Tron’s dedication to responsible innovation within the memecoin space, promoting a sustainable approach for this rapidly growing digital landscape. Technical Indicators The technical analysis for AMEX:TRX shows an optimistic outlook as the token attempts to break out of a short-term falling wedge pattern, a typically bullish indicator. Currently, AMEX:TRX has an RSI of 66, which places it in a favorable position to sustain upward momentum as it consolidates at a key support level. With Total Value Locked (TVL) in Tron reaching $7.164 billion and stablecoins pegged to the Tron network boasting a market cap of $60.34 billion, the Tron ecosystem is well-capitalized and primed for future growth. Conclusion As Tron cements its role in the memecoin space with SunPump, it has positioned itself as a blockchain with both strong technical fundamentals and a vibrant community. With TRX showing consistent growth, driven by strategic deflationary measures and a surging TVL, Tron’s prospects for continued expansion in the memecoin market look bright. Sun’s ethical guidelines for AI-driven memecoins also underscore Tron’s commitment to innovation with responsibility, making Tron a pioneering force in the memecoin space poised for the next wave of growth.
Long
by DEXWireNews
TRXUSDT potential Up Trend continuationTRXUSDT pulled back toward the swap zone, which has been tested multiple times before, and took liquidity below the equal lows, creating a false breakout at this significant level. Despite this, the overall trend remains bullish, and the market may enter a short-term sideways phase between 0.1570 and 0.1650. The presence of a recent bullish candle supports the potential for upward continuation. If the market holds above the swap zone and regains momentum, a move higher is likely. The target is the resistance zone around 0.1620
Long
by RTED_Investing
TRON | TRX TRX Suddenly Jumps 10%, but Why? The price of TRON is $0.084 today with a 24hour trading volume of 777 million dollar. This represents a 10% price increase in the last 24 hours. TRON founder Justin Sun made it known on Twitter that TRON has expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge. "TRX is now fully accessible within the Ethereum ecosystem," the TRON founder added. Onchain analytics highlights that crypto is seeing a bullish end to the week. This comes as the majority of crypto assets are trading in green at press time after earlier declines in the week. TRX has been on a steady rise since March 22 after its price hit lows of $0.055. The move gained immense traction on June 2 as TRX exploded from lows of $0.074 to reach highs of $0.084 I opened long position at 0.049 and going to take huge profit right now.we can have pullback at 0.087 so no fomo. trade with strategy
by moonypto
TRXUSDT Potential Up trend continuation after bounce from the suSince the launch of the platform for meme coins, the Tron network has garnered significant attention in the crypto space. The price action of TRXUSDT looks promising, characterized by a smooth formation of higher highs and higher closes. Recently, the market pulled back from the resistance zone and is now testing the support level at 0.1525, which has been respected twice before. There’s potential for the market to bounce back from this support level and the upward trendline, especially with the emergence of rejection candles. The target is the resistance zone at 0.1575
Long
by RTED_Investing
Tron TRX price get ready to...Do you want a stable growth of your crypto deposit? Then pay attention to CRYPTOCAP:TRX Despite the ambiguous reputation of Justin Sun, he has been on the crypto market for a very long time and the OKX:TRXUSDT chart shows that he loves his creation and supports its reputational price. Therefore, we will not be surprised if the price of #TRON is one of the first of the old coins to update ATH in the near future, at least to $0.183, and ideally by $0.26. By the way, our previous idea OKX:TRXUSDT gave us +40% 👇 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Is #TRXUSDT About to Skyrocket? Don’t Miss This Critical Move!Yello, Paradisers! Is #TRXUSDT About to Explode? Here’s Why You Must Pay Attention! 💎#TRXUSDT is setting up for a potential bullish continuation from the key demand zone at $0.1460. If the price manages to hold within this zone, there’s a high probability of a strong bullish move to test the resistance above. 💎We’ve been tracking #TRON closely, especially after it broke above a previous major resistance. Now, with the price hovering near a descending resistance, the chances of a bullish breakout are increasing. The current trend is clearly upward, and market sentiment is on the bullish side. 💎For this bullish scenario to materialize, #TRXUSDT must break above the descending resistance. A successful break could trigger a significant rally, with the first target aimed at the key resistance zone around $0.1913. 💎However, be cautious! If momentum weakens at the demand zone, we could see a bounce from the lower support area near $0.1392. A daily close below this level would invalidate the bullish outlook, opening the door to further declines. 💎Stay sharp, Paradisers! The next move in #TRX could be a real game-changer. Patience and discipline are key to seizing these opportunities. Trade smart and stay focused—the best setups are often just around the corner! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
TRX, the UPSHIFT has started, the whole CRYPTO will SURGE!AMEX:TRX DO YOU SEE WHAT I SEE? MASSIVE ALERT! When TRX reverses to the upside, It means the whole crypto market is preppin to move with it. USDT inflows will pick up pace signaling a buying spree event. Expect more than average upside momentum from this point onwards. Historically, this signal never misses. TRX moves first in advance, then the market gets moving after a while. Just like January 25, 2024 (BTC from 38k to 73k journey), TRX started ascending, then the market gets wild after a few days. Get ready. TAYOR
Long
by JSAL
3
Market Outlook: Positive Trends in TRX/USDT Suggest Bullish!Hello Traders, Just Breaked The Resistance Zone And Taking Support And There is A Potiential Chance To Go Upside! We have one Resistance Zone, and 2 Supply Zones. The Price Breaked The Resistance Zone, And Becames The Support Zone, Take Entry While Retesting OR Pullback of The Move. Please Note That The Only Purpose of The Information On This Page is Purely Educational. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
Long
by SuccessStrikes
1
TRXUSDT CorrectionTRXUSDT is currently pulling back after forming a double top at a resistance zone. The price is now testing a previous support level, and there is a chance it could dip below this support, given the liquidity below this level and near the February highs. The market has already seen a pullback of around 12%, with the potential to extend to a 15% pullback. This price action might develop into a trend continuation pattern, possibly forming a triangle as it consolidates. If the market finds sufficient buying pressure at these lower levels, it could set the stage for a future upward move. The target is the resistance zone around 0.1618
Long
by RTED_Investing
Trading Signal For TRXUSDT Trading Setup: A Trading Signal is seen in the TRXUSDT TRON (h1) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 0.1553 ⭕️SL @ 0.1534 🔵TP1 @ 0.1615 🔵TP2 @ 0.1657 🔵TP3 @ 0.1705 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
TRON's Wave 1 & 2 of current cycle over with. What Next?I believe that this cycle's wave 1 and its correction are done. Wave 2 being a shallow correction at Fib 0.236 gives us some clues as to what to expect next. Here's why I believe Wave 1 and its corrective wave 2 are past us and how wave 3 has already begun. RSI bearish divergence (usually happens between the tops of wave 3 & 5 price action) Correction to a significant fib level 0.236 RSI's significant correction and confluence at Fib .5 and RSI level 50. And yes you can definitely apply Elliott Wave theory to the RSI signal, which I rarely see being applied here on TV. It helps confirm not-so-obvious EW charts. So what do I expect to happen next? Either upcoming wave 3 or wave 5 will extend reasonably. I'm putting my money on wave 3 but won't rule out 5. The recent meme mania on TRON is shaping up quite nicely and could be the precusor of the extension and explosive price growth.
Long
by sucky
TRX (TRON): Overbought at ResistanceTrade setup: Price remains in an Uptrend. It bounced off of its long-term up trendline and 200-day MA, and resumed its uptrend. We removed it from our HOT list because it's overbought (RSI > 70) near $0.17 resistance, hence we're likely to see some profit taking near-term. We'd wait for a pullback. Nearest Fibonacci Retracement levels (possible support) are $0.16 (23.60%), $.15 (38.20%), and $0.14 (50%). Learn risk management in Lesson 9. Pattern: Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5. Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance: Nearest Support Zone is $0.14, then $0.128. Nearest Resistance Zone is $0.17, then $0.20.
Long
by altFINS
TRXUSDT trend continuationTRXUSDT has pulled back following a recent surge. The market recently broke and closed above a flag pattern, with the price retracing about 38.2% of the previous bullish move. It has now reached a resistance zone last tested in 2021. Additionally, the price has pulled back to the previous higher high zone, from which it has already started to bounce. On the weekly timeframe, the market has broken through a large triangle pattern, suggesting a potential continuation of the trend. The target is the resistance zone around 0.1670 Dear traders, if you like this trading idea or you have an oppinion on it, we would love to hear it in the comments :)
Long
by RTED_Investing
1