Tron Price Prediction as TRX Approaches World Top 10 Rankings – The Next Big Step?
TRON price It sits at $0.084149, with a 24-hour trading volume of $4 million, and has experienced a slight decline of almost 3.50% in the last 24 hours.
Currently ranked #10 on CoinMarketCap, TRON boasts a live market cap of $75 million and has a circulating supply of 89,700,960,494 TRX coins, while the maximum supply remains undisclosed.
With its impressive performance, TRON is getting closer to securing a place in the top 10 cryptocurrencies in the world.
As this digital asset gains momentum, investors are wondering if TRX has the potential to become the next big thing in the crypto market.
In this Tron Price Prediction, we will delve into TRON’s recent price movements, market rankings, and its path to the upper echelons of the crypto world.
We will also explore altcoins such as Wall Street Memes and Burn Kenny, which are making waves in the market and capturing the attention of investors.
Is TRON’s stability above $0.08244 an opportunity to consider buying?
The recent break above the $0.08244 resistance level has turned it into a support level, and the presence of a bullish engulfing candle closing above this level increases the likelihood that the uptrend will continue today.
Approaching the 4-hour time frame, we can see that Tron has crossed below its 50-day exponential moving average, which had previously acted as a support level around the 0.08300 mark.
This breakdown below the moving average suggests further potential for the downtrend to persist.
Furthermore, both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are currently positioned in a bearish zone, further strengthening the case for a bearish outlook.
Given these technical indications, it is advisable to consider entering a short position if Tron breaks below the $0.08244 level, with a target set at the $0.07783 level.
A bullish break above the $0.08499 resistance level may present potential buying opportunities, with potential upside targets at $0.08853 and $0.09079.
Promising Altcoins to Watch Closely
Discover the potential of these intriguing altcoins as they emerge on the crypto market. Keep an eye on their performance and growth trajectory.
Burn Kenny’s coin
Burn Kenny Coin, one of the best meme coin opportunities in 2023, sold its $500,000 pre-sale in less than 48 hours.
With massive demand, its launch on decentralized exchanges (DEXs) on July 24 looks promising.
Trading in $KENNY begins at 18:00 CET on Uniswap, with 30% of the supply locked up for three months, ensuring legitimacy and security.
Inspired by Kenny’s gag from South Park, the Burn Kenny Coin is gaining attention in the meme coin market.
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Street Street Memes
Wall Street Memes, a well-known online community for individual investors, has achieved a significant milestone by successfully pre-selling its meme coin, $WSM.
Within weeks of its release, the pre-sale has raised an impressive amount of over $17 million, demonstrating an outstanding fundraising rate.
During the pre-sale phase, investors can purchase $WSM for $0.03222 per coin.
As the pre-sale progresses, the price will gradually increase to $0.0325, allowing investors to earn guaranteed profits on paper if they participate at this stage.
Don’t miss out on the opportunity to participate in the $WSM pre-sale and potentially reap the benefits of its promising growth. Act now and buy Wall Street Memes to be a part of this exciting and potentially lucrative adventure!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.