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TRX

Tron TRX Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My Tron TRX Price Targets: TRX/USDT short Entry Range: $0.060 - 0.066 Price Target 1: $0.055 Price Target 2: $0.045 Price Target 3: $0.030 Stop Loss: $0.074
Short
by BuySellMarketMaker
TRON TRX price is under serious threat. Be careful!At first glance, the price of TRXUSDT has finally broken out of the 2-year consolidation and even managed to test the consolidation from above. With any other cryptocurrency, after such a pattern, one could say with great confidence that it is safe to buy it, as the price is likely to continue to rise. But not in the case of TRX, because yesterday the SEC filed a lawsuit against Justin Sun, the founder of TRON, accusing him of market manipulation, selling unregistered securities, and fraud. The only question we have is: what took so long? After all, these sins of San's have been going on since at least 2017, when it was "pump season". So if you want to buy TRX now, you better think twice about whether you need it. If you still want to buy TRX, then remember what happened to the price of Luna and FTT. Who knows what will come to light during the trial and investigations? Well, Justin Sun can only guess) And if he did know something and he is smart, he could easily sell off his TRX for 2 years while the price was in consolidation. There are many questions and few answers, but soon there will be more. We have shared our thoughts, and the decision is, as always, up to you. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
45
TRX Tron the next to fall?I think TRX Tron is the next to fall after BNB Binance Coin. The reason is their stablecoin, USDD. According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX, BTC, and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%. This is the USDD collateral: TRX 10,929,535,279 BTC 14,040.6 = about $313Mil USDT 29,964,253 USDC 39,719,839 so besides TRX, the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil. Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion. Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654. Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin". Looking forward to read your opinion about it.
Short
by TopgOptions
3
✳️ TRON vs BTC Changes Pattern | Potentially A Bullish SignalThis pair has been moving inverse to Bitcoin but now it seems to be moving together with Bitcoin... This is a big change. When the dynamic of some pairs changes, this can signal that the overall market dynamic is changing as well or is about to change. ✔️ TRXBTC while in the bearish cycle moved inverse to Bitcoin. ✔️ TRXBTC now changing to become correlated with Bitcoin. Can this tells us that Bitcoin is now entering a bullish phase? Possibly. We will have to wait and see but since the 1st of February, something changed. The signal has been noted. Namaste.
Long
by AlanSantana
$TRX/#BTC [#TRON]: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $TRX / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.0000031 | 0.00000331 | 0.00000369, and the major support zones can be found at 0.00000272 | 0.00000255 | 0.00000217. Consider entering at the current price zone of 0.00000297 and targeting higher levels. ◰◲ General info : ▣ Name: TRON ▣ Rank: 17 ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: TRON is a multi-purpose smart contract platform that enables the creation and deployment of decentralized applications (dApps). It features a delegated Proof-of-Stake (DPoS) consensus mechanism, a system that offers an increase in performance while maintaining true decentralization and censorship resistance. TRON is arguably most famous for its low cost ability to make transactions in comparison to other layer-1 solutions such as Ethereum, though still lags behind in developer adoption to be considered a serious rival yet. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000297 ₿ ▣ 24HVol: 43.464 ₿ ▣ 24H Chng: 0.338% ▣ 7-Days Chng: -1.60% ▣ 1-Month Chng: 8.81% ▣ 3-Months Chng: 30.80% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0000031 | 0.00000331 | 0.00000369 ◢ Support: 0.00000272 | 0.00000255 | 0.00000217 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.48 ▣ Last 90D: 2.59 ▣ Last 1-Y: 0.49 ▣ Last 3-Y: 1.00 ◲◰ Volatility : ▣ Last 30D: 0.51 ▣ Last 90D: 0.43 ▣ Last 1-Y: 0.67 ▣ Last 3-Y: 1.01 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.57 - Bullish ▣ Twitter sentiment score is 0.49 - Bearish ▣ Reddit sentiment score is 0.64 - Bullish ▣ In-depth TRXBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
TRX/BTC Main Trend. Linear 1 week. Rhombus 250% The main trend. Breakout. Linear chart 1 week, to show the trend more clearly without market noise. Rhombus (diamond) 250%. Breakdown of the price and fixation above the resistance of the main trend (downtrend channel), as well as the aggregate of the diamond resistance edge. Remember, 5 05 2022 starts USDD possible prepared "stream of positive news" to accompany this reversal of the trend. This is what the main trend (long-term) looks like on the candlestick chart on the same 1 week timeframe Secondary trend. Rhombus zone (reversal pattern) on 3 day timeframe Local trend. This trading situation breakdown and exit from the local accumulation channel.
by SpartaBTC
17
TOP CHINESE PUMP ASSETSLet's take a look at the basic metrics of the most interesting assets of the market, which gave a profit of 4x-5x of the investment only on the spot. These assets are considered to be Chinese tokens, which pump the current market Conflux ($CFX) 1. L1 blockchain 2. Price: $0.2 3. ATH Price: $1.5 4. Market.cap: $586m 5. FDMC: $1.4b 6. Changes in the last three months: +1000% Alchemy Pay ($ACH) Solution for payments 1. Price: $0.39 2. ATH Price: $0.12 3. Market.cap: $201m 4. FDMC: $396m 5. Changes in the last three months:: +400% OAX ($OAX) Crypto Foundation 1. Price: $0.23 2. ATH Price: $2.2 3. Market.cap: $18m 4. FDMC: $23m 5. Changes in the last three months:: +250% OKB ($OKB) Native token of the Okex exchange 1. Price: $49.72 2. ATH Price: $50 3. Market.cap: $2.9b 4. FDMC: $14.8b 5. Changes in the last three months:: +300% TRON ($TRX) L1 blockchain 1. Price: $0.068 2. ATH Price: $0.22 3. Market.cap: $6.3b 4. FDMC: $6.3b 5. Changes in the last three months:: +60% What can we do now? Search for new unknown tokens that can be connected to the Chinese metaverse. Search for new narratives. What do you think about these tokens? Share your opinion with us and check our links below. Tell us about other top tokens of the current pump if you have some in mind. Thanks for reading!
by Samura0x
7