TROY Crashes to All-Time Low After Binance Delisting, What Next?Binance will remove 14 cryptocurrencies from its platform on April 16, 2025. This follows a community-driven "Vote to Delist" event, where users selected low-performing projects for removal. The vote drew 103,942 total votes from 24,141 participants.
The affected tokens include BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT. Binance announced the decision on April 8, citing a full review of each token. The exchange evaluated various factors. These included developer activity, project team commitment, trading volume and responsiveness to due diligence. Liquidity and compliance with changing regulations also influenced the decision.
This marks the first implementation of Binanceโs โvote to delistโ feature. The move reflects its push for higher project quality and stronger investor protection. Over the past year, Binance tightened its listing standards. In March 2024, it extended the โcliff periodโ to one year. This period prevents newly listed token teams from selling their holdings.
Other exchanges have adopted similar measures. Bitget revamped its listing system last October. South Korean exchanges introduced tougher rules for domestic tokens under two years old. The market now holds more than 13.24 million tokens, tracked by platforms like CoinMarketCap. Analysts believe this token surplus may explain why the altcoin rally never took off this cycle.
Technical Analysis
Following the announcement, TROY broke below a major weekly support level. The token is now trading at its all-time low. If TROY attempts a short-term rebound, resistance is seen at the $0.00130000 level. However, continued downward momentum remains likely.
TROYUSD trade ideas
TROYUSD turned Parabolic. Buy on the next pull-back.Troy (TROYUSD) broke last week above the Lower Highs trend-line of the Accumulation Phase of the Bull Cycle and even though it failed to close the 1W candle above it, the current week started with extremely strong buying pressure that topped last week's High.
Even though we will need the closing above the Lower Highs at the end of the week, the current buying pressure confirmed that the trend has turned parabolic. It is technically similar to the January - February 2021 rally that turned parabolic and reached as high as the 1.786 Fibonacci extension.
Having formed at the same time a Bullish Cross on the 1W MACD, we expect a minor pull-back as on February 15 - 22 2021 that will allow for a better entry. Our Target is naturally the 1.786 Fib at 0.012000.
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TROYUSD descending triangle and bottom rangeTROYUSD is about to break out the yellow descending trendline.
Over 90% of trading volume of it occurs on Binance and 24h volume is only 3 million dollars.
So it is somewhat risky to trade but looking chart is interesting.
It has been drawing descending triangle over a year and the current price is 93% down from the ATH.
And its bottom range is at the orange box.
If 2021 bull run repeats, it will rise several times.