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.
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.
You might also be interested in
Don’t miss any crypto news
Subscribe to our Newsletters - the best way to stay informed about the crypto world. No spam. You can unsubscribe anytime.
Please enter your email address
Email is invalid
By sharing your email, you consent to recieving BITmarket's newsletter.
Read how we process your data in our Privacy policy.
You’ve made us very happy 😊
Subscribe to our Newsletters - the best way to stay informed about the crypto world. No spam. You can unsubscribe anytime.
If you have any questions about cryptocurrencies or need some advice, I'm here to help. Let us know at [email protected]