CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

coinpedia 2025-03-20 20:38:05

TRX Defies Crypto Crash, $0.255 Breakout Incoming?

The post TRX Defies Crypto Crash, $0.255 Breakout Incoming? appeared first on Coinpedia Fintech News Despite ongoing market uncertainty, Tron (TRX) is making waves in the cryptocurrency market with its impressive price surge. However, this surge comes at a time when major assets like Bitcoin (BTC), Ethereum (ETH), and others are experiencing a notable price decline. Current Price Momentum TRX is currently trading near $0.235 and has registered a 2.56% price surge in the past 24 hours, defying the market trend. However, during the same period, its trading volume dropped by 42%, indicating that investors and traders are still hesitant to participate in the asset as overall market sentiment remains bearish, with prices continuing to fall. TRX Technical Analysis and Upcoming Levels With this upside momentum, the market condition seems to be shifting TRX’s overall trend. According to CoinPedia’s technical analysis, TRX has recently broken out from a bullish flag and pole price action pattern and is poised for massive upside momentum. Besides this breakout, the uptrend remains strong as TRX has taken a retracement from Fibonacci’s 38.2% level, indicating a strong trend and momentum. Based on recent price action and historical patterns, if TRX maintains itself above $0.234, there is a strong possibility that the asset could soar by 12% to reach the $0.255 level in the coming days. Source: Trdain However, this level represents the upper boundary of the consolidation zone where TRX has been trading on a higher time frame. If the asset reaches this level and successfully closes a daily candle above $0.255, there is a strong possibility that it could see a price jump of over 20%. Tron’s (TRX) Over-Leveraged Levels At press time, traders are over-leveraged at the $0.226 level, with $4.30 million worth of long positions. Meanwhile, $0.24 is another over-leveraged level, where traders betting on the short side are also over-leveraged. Source: Krtos nahi Given the current market sentiment, it appears that traders are bullish, and the price may soon surge, which could explain the $4.30 million worth of long positions at the $0.226 level.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta