TRON to Cool Down before Firing Up? | BITmarkets
Insights Analysis TRON to Cool Down before Firing Up?

TRON to Cool Down before Firing Up?

December 28, 2023 Analysis
BITmarkets | TRON to Cool Down before Firing Up?

The price of TRON has nearly doubled throughout the course of 2023. Despite the ongoing bullish momentum, the TRX may undergo a price slash before climbing once more.

TRX10

TRXUSD - 1 Week Time Frame

TRX is currently moving in a range of indecision, and a drop is not out of the question amid the circulating news that the CFA has renewed its accusations against stablecoin issuer Circle regarding illicit finance and its ties with TRON.

A small retracement to the green trend line may hence occur - also confirming the breakage of the daily trend presented in orange - to then potentially rise strongly towards the 61.8% Fibonacci Retracement level.

Given the high bullish momentum within the cryptocurrency market towards the end of the year, it is expected that TRON could surge to the $0.14 level with the rise of other altcoins in the crypto space.

Back to Analysis
Join

Try to invite your friends and earn together

10% of trading fees of your friends and 5% from the earnings of your friends.

Start earning

We use cookies to store, access and process personal data to give you the best online experience. By clicking Accept Cookies you consent to storing all cookies and ensure best website performance. You can modify cookie preferences or withdraw consent by clicking Cookie Settings. To find out more about cookies and purposes, read our Cookie Policy and Privacy Policy

Cookies settings

Cookie Control

What are cookies?

Cookies are small text files that enable us, and our service provides to uniquely identify your browser or device. Cookies normally work by assigning a unique number to your device and are stored on your browser by the websites that you visit as well as third-party service providers for those website. By the term cookies other technologies as SDKs, pixels and local storage are to be considered.

If Enabled

We may recognize you as a customer which enables customized services, content and advertising, services effectiveness and device recognition for enhanced security
We may improve your experience based on your previous session
We can keep track of your preferences and personalize services
We can improve the performance of Website.

If Disabled

We won't be able to remember your previous sessions, that won't allow us to tailor the website according to your preferences
Some features might not be available and user experience reduced without cookies

Strictly necessary

Strictly necessary means that essential functions of the Website can not be provided without using them. Because these cookies are essential for the properly working and secure of Website features and services, you cannot opt-out of using these technologies. You can still block them within your browser, but it might cause the disfunction of basic website features.

  • Setting privacy preferences
  • Secure log in
  • Secure connection during the usage of services
  • Filling forms

Performance and Functionality

Analytics and performance tracking technologies to analyze how you use the Website.

  • Most viewed pages
  • Interaction with content
  • Error analysis
  • Testing and Measuring various design effectivity

Advertising and Marketing

The Website may use third-party advertising and marketing technologies.

  • Promote our services on other platforms and websites
  • Measure the effectiveness of our campaigns