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Shiba Inu (SHIB) Surges 45% in 7 Days & Overtakes Tron (TRX)Popular cryptocurrency Shiba Inu (SHIB) overtook another popular coin, TRX, from the company TRON in the top by market capitalization from the portal CoinMarketCap. SHIB, traditionally referred to as a memecoin, showed an impressive seven-day increase in quotations by more than 40%, which helped Shiba Inu add another $2 billion to its capitalization. Thus, SHIB has a current capitalization of $6.4 billion and ranks 13th in CoinMarketCap's top. Of course, the growth rate of more than 40% in seven days can definitely be considered a victory for SHIB, but it is worth noting that Tron's TRX might not receive its percentage growth and give up its place in the top due to recent events related to algorithmic stable coin USDD, issued by Tron DAO. Recall that USDD lost its peg to the dollar in mid-June in events seemingly similar to the Terra collapse. Nevertheless, Tron DAO and its head, Justin Sun, managed to stall the de-peg and quickly implement a plan to save the entire Tron ecosystem.
COINBASE:SHIBUSD
by wangpertbangcu1984
TRX/USD - Tron pumping to 7 cents! 🚀Tron is on a clear path to 7 cents. The chart is bullish and so are the indicators. If it breaks the 7 cents resistance and moves above 8 cents, then TRX could leave this massive descending triangle visible on the weekly timeframe. Both the MACD and RSI are making higher highs, so this is good and continuation is likely unless BTC pulls the market lower. To me, the price will continue up until it faces the resistance level. Volume is not great on this last pump, but there are reasons to be optimistic right now. Longs have a better r/r right now and my bias is bullish. Like and follow if you liked my idea!
Long
by DU09
TRX - Impulse is closeReasons to take long: ⭐️ We are in a bear trend ⭐️ Trendline 8 days long ⭐️ Level is clean ⭐️ Price is squeezing to the trendline ⭐️ 4th touch ⭐️ 35 ATR ⭐️ Volume decreased. Either we see an impulse up or down. Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
2
TRON (TRX) - June 24hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (TRXUSDT 1W Chart) Resistance: around 0.08631 Support: 0.04736-0.06034 Below 0.04736 is likely a mid- to long-term investment area, so careful trading is required. (1D chart) Primary resistance: 0.07451-0.07679 Secondary resistance: 0.08223-0.08631 1st support: around 0.06034 2nd support: around 0.04736 There are many support and resistance zones set across the 0.06034-0.08631 zone. Therefore, you need to make sure that there is a sidewalk to get out of this section. Therefore, the key is whether you can break out of the downtrend line and move along the uptrend line. The next volatility period is around July 20th. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Can #BTC see 29K again or what ? There are 3 possibilities for #BTC that i indicated them on the chart , The last mid-term analysis was : According to previous analysis, as we said, we needed to wait for the positive reaction to the BULLISH BREAKER BLOCK zone (in the range of $ 14850 to $ 19500) . The price reacted positively to this high-potential range of demand. Note that this upward movement will still need to consolidate and will not be a 100% sign of an uptrend (Bullish Trend) , Because macroeconomic factors show the opposite. With an optimistic view and if the price consolidates above this price range, we can expect growth to eventually reach $ 29,000 and then continue to fall ...! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 06.21.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSD
by ArmanShabanTrading
10
USDD TRONX stable | Decentralised coin USD, possible?Hello all, First of all, neither I am a crypto expert nor a fundamental researcher, my analysis is based on technical charts and price actions. Secondly, the USDD Tronx slips its peg to USD $$$ for a week, which means that the price action is now in motion. ( Newtons 1st rule, when an object is in motion, it will continue in motion ... !!!) Thirdly, so far the price actions show the weak signal of reversal + monthly candle in BTC will close soon in the next 10 days. My probability is that we might see some further downside of USDD as well as TRONX price (70% it will happen), however, is it as damaged as Moon 1 or 2? Please leave your comment below. Structure: PA must close as soon as possible during this month of June above the R2 and R1 with at least a "3D candle" green body above the R2 line in order to "short squeeze". If not, well Less is more, the chart would tell you all that you might see in the next couple of days. Cheers and please consider staying on the safe side. Thank you for your sharing and comments.
Short
by JokerVN30
Tron | Will It Stop Or Keep Going?It will keep on going but, let's read... Tron is ultra bullish vs Bitcoin (TRXBTC)... This is a preview of what the Altcoins market has in store for us. First, TRXBTC has been growing since 2019 with higher highs and higher low. I mentioned many times back in 2019 and 2020 that the Altcoins market (ALTSBTC) was set to grow long-term, for many years... This has now come true but things are only getting started. Today TRXBTC breaks the May 2021 resistance/peak price, also great news. This confirms we are in new highs territory and the entire market is intertwined; Remember, what one does, the rest follows. Many coins will not move but we pick the ones that do of course, we can spot it in the charts based on tons of experience. Bullish indicators, etc. After May's 2021 peak price we have August 2020, that's the next target at around 465 satoshis or 0.00000465. If this level is taken out, which is pretty likely, then we will see the 2019 peak price at 860 satoshis challenged. I hope it grows even more. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
11
Bull Eater Bears v3-as i said BTC Biggest Fall in history!Bitcoin's biggest fall in history just happened or happening !!. There are no buyers and everyone is a seller(big ones ,not fish). The main resistance of bitcoin has broken and now we expect the target to reach $ 6,000. Be very careful, the market is gone crazy and and... most of altcoins like trox,solana,ripple ...have big price bubble and the bubble may burst at any moment why?! answer is simple! because if you understand market cap and market value you find out there there is no match between the current price and value of bitcoins and altcoins. keep your money very tight!
Short
by milytt
8
Best Case Scenario: TRX is going to $250In the realistic possibility that a vast majority of TRX is burnt in the next year, we could see a hyper deflationary spiral causing TRX to increase 35x-100x in market cap, and 3000x in price. Based on the average burn rate of 284 million TRX per day since USDD launched, it's possible that 99% of the circulating supply of TRX is removed from circulation over the next year or so. This means there could be only 1 billion TRX in circulation in the near future, and a price of $250 per TRX is realistic in that scenario because it would be a market cap of only $250 billion, still significantly smaller than what Bitcoin is today and roughly equal to Ethereum's current market cap. It should also be noted that BTC and ETH are expected to increase over this period of time as well to several trillion market cap each. There are 32 billion TRX staked and the TRON DAO holds about 28 billion TRX , that leaves less than 45 billion TRX currently "circulating," though at the right price many people will begin unstaking and selling. These sales will likely end up getting burnt by USDD redemptions or network fees, ultimately moving the supply that is available for sale closer to 0. Even if the available supply remains around 10 billion TRX (minus TRON DAO coins which will likely be burnt or remain off the market during this time) a $250 price and $2.5 trillion market cap is still possible and would be much smaller than BTC would be at that point, assuming Bitcoin likely goes to at least $200k-$1m If the giga bull scenario doesn't happen a move to $10 is still very likely as the supply should remain hyper deflationary to keep up with the demand for USDD for the foreseeable future. A move to $10 at 10 billion supply would be only $100 billion market cap which is less than half of what ETH is today, and again ETH could also be expected to rise to $10-20k over the same period making it's market cap well into the trillions. Eventually demand for USDD will begin to reverse when collateralization becomes riskier and interest rates are cut, leading to people redeeming USDD for TRX , and likely causing a massive correction in TRX . possibly larger than the -97% correction we saw after the 2018 peak, and in a worst case scenario TRX could end up in a death spiral like LUNA if the USDD peg is broken and redemptions are not paused soon enough. I think that the TRON DAO Reserve will learn from LUNA's mistakes, and that USDD will ultimately have much better collateralization, and in the risk of a death spiral redemptions for TRX will be paused before the supply of TRX becomes too large like what happened with LUNA. The death spiral may actually be avoided by simply cutting the APR when collateralization becomes too low, which LUNA and UST never did and that led to UST being undercollateralized. By cutting the APR they also cut the demand which can lead to a more orderly exit from USDD, rather than everyone rushing for the exit at the same time like with UST . As people exit USDD in a more orderly fashion the collateralization levels become greater and the risk of a death spiral decreases to near 0. The catch is if USDD is collateralized by risky assets like BTC or TRX , then there is systemic risk if those assets suddenly crash and now the reserve dollar value has rapidly declined to less than the total issuance of USDD. For now there are enough stablecoins to back USDD at greater than 1:1 ratio so there is virtually no risk of a death spiral, but even an orderly exit from USDD will cause downward pressure on TRX prices. Even without a death spiral a massive correction is likely after a move to triple digits, especially when the TRON DAO Reserve is forced to eventually cut USDD rates, which will put downward pressure on TRX as capital begins to leave USDD and the supply of TRX may actually begin to increase. The key is for the TDR to avoid a hyperinflationary spiral by taking on too much debt, much like when a central bank takes on too much debt and their currency begins to hyperinflate to pay for this debt. While the exact price may not be clear at this point, what is clear is that TRX's supply has entered into a hyper deflationary spiral and if it keeps up at the rate it is going a vast majority of TRX will be burnt in a year, and the price of TRX is going to have to go much higher to meet the demand for USDD issuance and 30% APR that is offered by USDD staking. Even if the market cap remains the same the price could still increase by 10-100x over the next year or two because the supply of TRX is rapidly declining and that trend is likely to continue as long as USDD APR remains high and the TRON DAO Reserve remains overcollateralized. I would watch for resistance around psychological levels because that is likely where the most sell liquidity will be found to meet the demand of USDD redemptions, around $1 (61.8 extension), $10 (1.0 extension), $100, and finally $250 (161.8 extension of wave-E )
KRAKEN:TRXUSDLong
by Intuit
26
Tron Hits New All-Time Low, Over 170% Growth Now Possible!Just yesterday Tron (TRXUSDT) hit a new All-Time Low. This low hit basically at the same level as back in June 2021. June 2021's low was set at 0.04651 and was followed by a 160% bullish wave. June 2022's low was set at 0.04604 and we are likely to see a strong bullish wave follow. Remember our famous saying... Once we reach bottom, the only place left to go is up. Tron just hit rock bottom... It is time to WAKE UP & GROW! Namaste.
Long
by AlanSantana
5
Tron (TRX) Jumps 24%, Is It A Recovery Or A Dead Cat Bounce?TRON (TRX) prices have jumped by over 24% since the U.S. Federal Reserve raised the interest rates by 75 basis points. Meanwhile, the TRON blockchain has also gained the support of Crypto finance, an asset management group. The TRX token has registered a tumbling week as it dropped with correlating with the other major cryptocurrencies. However, the recent surge has helped the token recover from its recent dump. The TRX prices dropped by around 23% over the past 7 days. It is trading at an average price of $0.0624, at the press time. One of the main reasons considered for the Trx’s price collapse has been the de-pegging of TRON’s stablecoin. USDD is trading at a price of $0.977, at the press time. The stablecoin has shown some improvement as it is up by around 1.6% in the past 24 hours. The USDD token went on to touch the price level of $0.96 on June 15, 2022. Meanwhile, TRON stablecoin’s market circulation has stood at 723.3 million while its market cap has shrunk to $707.2 million. However, the blockchain team took many measures to counter the recent slump. Justin Sun, Head of TRON, announced the plan to withdraw 2.5 billion TRX tokens from the Binance crypto exchange. The withdrawn tokens’ worth amounted to around $125 million. Meanwhile, TRX’s 24 hour volume has surged by around 70% to stand at $2.6 billion. In a bid to provide more stability and global growth to its tokens, the TRON joined hands with Crypto Finance. The release mentioned that more TRON based tokens will be added in the future. This collaboration will provide different access to the network.
BINANCE:TRXUSDLong
by Anthony123111
2
Tron TRX - Bad NewsHey Guys and Gurls! Hope you're having a great day! It's sunny in Incheon, but there are some dark clouds in the Tron-verse... Justin Sun is reportedly withdrawing millions or billions of TRX...: JUST IN: Tron withdraws 948 million #TRX ($48M) from Binance "to safeguard the blockchain industry and crypto market." -From WatcherGuru tweet Also this article: watcher.guru TRX is pretty surely going downward, so we can trade the pullbacks on the way down, and take profits on the "breakdowns".. However you feel confident to trade. I try to make sure I only go short when stochastic RSI is overbought, on higher and shorter timeframes. (higher most important, but timeframe depends on your leverage... Higher leverage requires higher "sniper"-accuracy in the entry price. Okay, enough for now, Good luck, and God bless! :) -Thomchris777
Short
by thomchris777
2