TRON price stands at $0.084149, with a 24-hour trading volume of $4 million, and it has experienced a slight decline of nearly 3.50% in the last 24 hours.
Currently ranked at #10 on CoinMarketCap, TRON boasts a live market cap of $75 million, and it has a circulating supply of 89,700,960,494 TRX coins, while the maximum supply remains undisclosed.
With its impressive performance, TRON is edging closer to securing a spot among the top 10 cryptocurrencies worldwide.
As this digital asset gains momentum, investors are wondering if TRX holds 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 alternative coins like 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 breach above the resistance level of $0.08244 has transformed it into a support level, and the presence of a bullish engulfing candle closing above this level adds to the likelihood of the ongoing uptrend continuing today.
Zooming in on the 4-hour timeframe, we can observe 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 an increased potential for the downtrend to persist.
Additionally, both the relative strength index (RSI) and the moving average convergence divergence (MACD) indicators are currently positioned in a bearish zone, further reinforcing the case for a bearish outlook.
Given these technical indications, it is advisable to consider initiating a short position if Tron drops below the $0.08244 level, with a target set at the $0.07783 level.
A bullish breakthrough 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 in the crypto market. Keep a close eye on their performance and growth trajectory.
Burn Kenny Coin
Burn Kenny Coin, a top meme coin opportunity in 2023, sold out its $500,000 presale in under 48 hours.
With massive demand, its launch on Decentralized Exchanges (DEXs) on July 24 looks promising.
$KENNY trading starts at 18:00 CET on Uniswap, with 30% of the supply locked for three months, ensuring legitimacy and security.
Inspired by South Park’s Kenny gag, Burn Kenny Coin is gaining attention in the meme coin market.
Don’t miss out! Visit Burn Kenny Coin now.
Buy Burn Kenny Coin Here
Wall Street Memes
Wall Street Memes, a well-known online community for individual investors, has achieved a significant milestone by successfully conducting the presale of its meme coin, $WSM.
Within just a few weeks of its launch, the presale has raised an impressive amount of over $17 million, demonstrating an outstanding fundraising rate.
During the presale phase, investors can acquire $WSM for $0.03222 per coin.
As the presale progresses, the price will gradually increase to $0.0325, allowing investors to secure guaranteed gains on paper if they participate at this stage.
Don’t miss out on the opportunity to take part in the $WSM presale and potentially reap the benefits of its promising growth. Take action now and purchase Wall Street Memes to be part of this exciting and potentially lucrative venture!
Buy $WSM Here
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 of your capital.
Read the full article here
