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Cryptocurrency analysts of Coinidol.com report, the price of TRON (TRX) has been on the rise since August 23.
Tron has decoupled from the market, with TRX noting a 2% increase in the last 24 hours. TRX's adoption is also on the rise.
Tron price is rising and trading above $0.0750 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0780 resistance.
Tron reclaimed the $0.076 - $0.078 support zone and could present a risky long opportunity. Should buyers indulge?
Several market indicators turned in TRX's favor last week, allowing it to increase its value by over 3%.
Tron's past adds a character to its story just as much as its recent achievements. This has led to Tron being among the top blockchains in the cryptocurrency world.
Tron (TRX) has orchestrated an impressive recovery, bouncing back from last week's dip of $0.07000 and regaining losses it incurred this month. As of the latest data from CoinGecko, the TRX price currently stands at $0.076, despite a minor 1.2% decline over the past 24 hours.
Cryptocurrency analysts of Coinidol.com report, TRON (TRX) experienced an upward correction after the price plunge on August 17.
TRX was in a position where things could change for the better as Tron had a number of developments that favored the altcoin in addition to the indicators.
In a week that has been characterized by heightened turbulence within the cryptocurrency market, Tron (TRX) has demonstrated its exceptional resilience by staging a swift and impressive rebound following a sharp decline. Amidst a backdrop of fluctuating market conditions, this prominent cryptocurrency faced a challenging period as its price momentarily dipped below a critical support level of $0.0760 against the US Dollar.
Tron reversed recent losses after surging above $0.0775. A 3%-6% gain was possible if the recovery extended.
Tron price is rising and trading above $0.0760 against the US Dollar. TRX is outperforming Bitcoin and could rally further toward the $0.0820 resistance.
Tron blockchain has been outshining almost all of its competition in terms of TVL growth. It currently has the second highest total value locked, trailing behind the Ethereum network
Tron price started a fresh increase from the $0.0715 level against the US Dollar. TRX price is now trading above $0.0750 and the 55 simple moving average (4 hours).
The TRON (TRX) price has fallen since its yearly high of $0.094 on July 22. The decrease validated the $0.090 horizontal area as resistance.
Tron attempted a recovery, but a weakening BTC could derail bulls and tip sellers to seek re-entry.
Ahead of the sharp crypto price crash, a former U.S.
Strategic Partnership and Investment for DeFi Evolution Curve Finance, a renowned decentralized liquidity pool for stable swap and stablecoin trading, has announced a strategic partnership with the TRON network. Consequently, the decentralized exchange (DEX) is poised to launch on the TRON network.
All major cryptocurrencies saw a sharp decrease in their values following a massive sell-off yesterday, Aug. 17. The global market cap of the crypto industry fell 8% to $1.06 trillion, wiping out over $100 billion.
Cryptocurrency analysts of Coinidol.com report, the price of TRON (TRX) has fallen below the moving average lines after reaching the overriding resistance at $0.085.
Tron witnessed some significant selling pressure over the last 12 hours. TRX's Open Interest also declined indicating that the bears still intend to keep their position intact.
USDT secured dominance as far as usage on the Tron network is concerned. It even managed to outshine Ethereum which currently accounts for 43% of usage on Tron.
Curve Finance, a decentralized liquidity pool for stableswap and stablecoin trading, has disclosed a strategic partnership that will see the decentralized exchange (DEX) launch on the TRON network. Curve Set To Launch On Tron And BTTC Networks Decentralized Exchange, Curve Finance has solidified its position as the second largest DEX, following the announcement of its integration into the TRON network.
