TRON is priced at $0.084149, with a 24-hour trading volume of $4 million, and has seen a slight decline of about 3.50% in the last 24-hours.
Currently ranked #10 on CoinMarketCap, TRON boasts a live market cap of $75 million, and has a circulating supply of 89,700,960,494 TRX coins, while the maximum supply is unknown.
With its impressive performance, TRON is inching closer to securing a position among the top 10 cryptocurrencies worldwide.
As this digital asset continues to gain momentum, investors are wondering whether TRX has the potential to become the next big thing in the crypto market.
In this TRON price prediction, we will discuss in detail TRON’s recent price movements, market ranking and its path to the upper echelons of the crypto world.
We’ll also explore alternative coins like Wall Street memes and Burn Kenny that are making a splash in the market and attracting investor attention.
Is TRON stability above $0.08244 an opportunity to consider buying?
The recent breach of the resistance level of $0.08244 has turned it into a support level, and the appearance of a bullish engulfing candle above this level increases the chances of a continuation today.
Zooming in on the 4-hour time frame, we can see that Tron has declined below its 50-day exponential moving average, which previously served as support around the 0.08300 mark.
This breakdown below the moving average indicates an increasing likelihood of continuation of the downtrend.
Additionally, both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicator are currently located in the bearish zone, further strengthening the case for the bearish outlook.
Looking at these technical signals, if Tron turns down the $0.08244 level, it is advised to consider initiating a short position with a target set at the $0.07783 level.
A bullish break above the $0.08499 resistance could provide potential buying opportunities with potential upside targets at $0.08853 and $0.09079.
Promises to keep a close watch on Altcoins
Discover the potential of these interesting altcoins as they emerge in the crypto market. Keep a close eye on their performance and growth path.
Burn kenny coin
The Burnt Kenny Coin, a top meme coin opportunity in 2023, sold out of its $500,000 presale in under 48 hours.
With huge demand, its launch on Decentralized Exchanges (DEX) on 24th July looks promising.
$KENNY trading begins at 18:00 CET on Uniswap, 30% of the supply is locked up for three months, ensuring validity and security.
Inspired by the Kenny gag from South Park, the Burnt Kenny Coin meme is gaining attention in the coin market.
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wall street memes
Wall Street Memes, a well-known online community for individual investors, has achieved a significant milestone by successfully conducting a presale of its meme coin, $WSM.
Within weeks of its launch, the presale has raised an impressive amount of over $17 million, showing an excellent fundraising rate.
During the presale phase, investors can acquire $WSM at $0.03222 per coin.
As the presale progresses, the price will gradually rise to $0.0325, allowing investors to secure guaranteed profits on paper if they participate at this level.
Don’t miss the opportunity to participate in the $WSM presale and potentially take advantage of its promising growth. Take action now and buy Wall Street Memes to be a part of this exciting and potentially lucrative venture!
Disclaimer: Crypto is a high risk asset class. This article is provided for informational purposes and does not constitute investment advice. You can lose all your capital.