7/4/2023 0 Comments Trx coin price prediction![]() ![]() In the past few days, tron price remained strong above the $0.0520 level against the US Dollar, outperforming bitcoin and ethereum. The pair is likely to start a fresh increase above the $0.0562 and $0.0575 resistance levels.There is a major bullish trend line forming with support near $0.0530 on the 4-hours chart of the TRX/USD pair (data source from Kraken). ![]() The price is showing positive signs above $0.055 and the 100 simple moving average (4-hours).Tron price is trading in a positive zone well above the $0.0520 pivot level against the US dollar.TRX could outperform bitcoin and rise further towards $0.060. Market traders often use the RSI as a momentum indicator to identify overbought or oversold conditions and make decisions regarding buying or selling an asset.Tron price is up over 5% and showing positive signs above $0.055 against the US Dollar. The weekly Relative Strength Index (RSI) backs the continuation of Tron's (TRX) increase as it stands above 50 and is moving upwards. When a price movement follows a resistance line for such a long period, the trend is considered bearish unless there is a breakout from the line.Īt present, Tron's (TRX) price hovers slightly above the resistance line but has not yet attained a weekly close above it. This price surge of Tron (TRX) coincided with a rejection from a long-standing descending resistance line that had been in place for 364 days. However, since then, Tron's (TRX) value has declined. In November 2022, Tron's (TRX) token witnessed an upswing in price that continued until February 2023, reaching a new yearly high of $0.073. Tradecurve's unique features and benefits make it a promising platform for those looking for a secure and anonymous way to trade financial instruments. The platform also boasts high leverage of up to 500:1 and algorithmic trading using proven AI trading systems. ![]() Furthermore, profitable traders can capitalise on their success by charging a subscription fee for others to copy their trades. In addition to trading, Tradecurve will offer an Academy that provides new traders with the necessary knowledge and skills to improve their trading strategies. Tradecurve (TCRV) will also offer negative balance protection and yield farming liquidity pools. Tradecurve's (TCRV) token will offer exclusive benefits to its holders, including discounts on trading and subscription fees, passive income through staking, and access to exclusive rewards and bonuses. ![]() Currently in stage 1 of its presale, the $TCRV token is priced at $0.01. With a hybrid trading exchange, Tradecurve (TCRV) will enable users to trade thousands of financial instruments anonymously while enjoying deep liquidity. Tradecurve (TCRV) is a unique trading platform that will allow users to trade derivatives using crypto as collateral without the need for strenuous KYC requirements. Shiba Inu's predicament underscores the difficulties meme tokens face as they strive to establish themselves in an intensely competitive crypto market. Retail investors may be searching for lesser-known altcoins that can yield massive returns and could potentially be the next big thing in the cryptocurrency market. Surprisingly, these investors are currently overlooking Shiba Inu (SHIB) as a meme token and are instead diverting their attention towards smaller cap altcoins, indicating that Shiba Inu (SHIB) may have lost its appeal as a high-risk investment. The absence of retail investors with a high-risk appetite, who could drive up the Shiba Inu (SHIB)'s value, could be a potential reason for this price plateau. With around 260 trillion tokens distributed in the price range of $0.00001 to $0.000014, Shiba Inu (SHIB) has found it challenging to breach the barrier, especially in the absence of substantial inflows. The soaring popularity of Shiba Inu (SHIB), a meme-inspired cryptocurrency, has hit a major snag as Shiba Inu (SHIB) struggles to surpass a key resistance level that has been holding back its price surge. This article delves into the reasons behind this shift in preference and explores the potential advantages that Tradecurve (TCRV) offers investors. Tradecurve (TCRV), a relatively new player in the market, has been gaining traction among investors over popular penny tokens like Shiba Inu (SHIB) and Tron (TRX). Recently, penny token investments have become increasingly popular among investors looking to get into the cryptocurrency market. ![]()
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