Tron Price Prediction as TRX Approaches Top 10 Rankings in the World – Next Big Thing?
TRON price stands at $0.084149, with a 24-hour trading volume of $4 million, and it has experienced a slight decline of nearly 3.50% in the last 24 hours.
Currently ranked at #10 on CoinMarketCap, TRON boasts a live market cap of $75 million, and it has a circulating supply of 89,700,960,494 TRX coins, while the maximum supply remains undisclosed.
With its impressive performance, TRON is edging closer to securing a spot among the top 10 cryptocurrencies worldwide.
As this digital asset gains momentum, investors are wondering if TRX holds the potential to become the next big thing in the crypto market.
In this Tron price prediction, we will delve into TRON's recent price movements, market rankings, and its path to the upper echelons of the crypto world.
We will also explore alternative coins like Wall Street Memes and Burn Kenny, which are making waves in the market and capturing the attention of investors.
The recent breach above the resistance level of $0.08244 has transformed it into a support level, and the presence of a bullish engulfing candle closing above this level adds to the likelihood of the ongoing uptrend continuing today.
Zooming in on the 4-hour timeframe, we can observe that Tron has crossed below its 50-day exponential moving average, which had previously acted as a support level around the 0.08300 mark.
This breakdown below the moving average suggests an increased potential for the downtrend to persist.
Additionally, both the relative strength index (RSI) and the moving average convergence divergence (MACD) indicators are currently positioned in a bearish zone, further reinforcing the case for a bearish outlook.
Given these technical indications, it is advisable to consider initiating a short position if Tron
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