您现在的位置是:Tron surges by nearly 25% >>正文
Tron surges by nearly 25%
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛6715人已围观
简介The crypto market has stabilized after two days of massive sell-offs. This comes as the US Fed made ...
The crypto market has stabilized after two days of massive sell-offs. This comes as the US Fed made a serious commitment to deal with inflation with aggressive monetary policy. Tron (TRX) has been one of the best-performing coins in this recovery, with a 25% upswing over the last week. But is this real momentum or just another dead cat bounce? Here is what you need to know:
TRX showed incredible resilience even as the market crashes
The coin is now above a crucial $0.05 support and could stay there for days
With momentum picking up in the market, TRX could hit $0.09.
Data Source: TradingView
How long can TRX maintain the uptrend?
Well, there are many factors at play in crypto right now. The Fed’s aggressive move to deal with inflation is a good sign. But there are still many underlying economic factors that could make any rally short-lived.
For instance, there is a real prospect that a major recession in the US could come later this year. So, for TRX, the uptrend will have to deal with these possible risks. If momentum in crypto slows, then it will be hard for TRX to maintain growth.
We don’t think there is enough confidence in the market for a sustained bull run in crypto right now. As such, TRX will see a dead cat bounce rally over the coming week before it retreats again. But if it can stay above the $0.05, the possibility of a major downside is limited.
TRX’s short-term trading play
The best way to invest in a risk-averse market is to pick a short-term position. TRX offers a good play in this.
First, if the coin stays above $0.05, it could provide a decent entry point for bulls. A short-term rally will likely push TRX toward $0.09. This will be the ideal time to exit and cash out.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/722981.html
相关文章
Crypto exchange Bybit integrates Layer 2 protocol Arbitrum
Tron surges by nearly 25%Bybit, a global cryptocurrency exchange that has seen extensive growth over the past few years, has...
阅读更多
LINK vs BAND – Which one is a better investment?
Tron surges by nearly 25%Chainlink and Band protocol are two blockchain oracles that have been gaining momentum. Oracles are...
阅读更多
The Artemis II astronauts just met the Orion Moon spacecraft
Tron surges by nearly 25%By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.NASA'...
阅读更多
热门文章
- The synthetic bitcoin market rises by 83% to hold over $700 million on the Ethereum blockchain
- Crypto industry ‘destined’ to be BTC
- 101Investing Review — The Ultimate Guide
- BNB price prediction: Is it safe to buy Binance Coin now?
- Bitcoin's Weekly RSI Suggests Another Upside
- LINK vs BAND – Which one is a better investment?
最新文章
Jimbos Protocol hacked for $7.5M, JIMBO price drops 40%
United Nations counting on AI and robots to save its failing Social Development Goals
Conflux and China Telecom debut first on
Diem Association reportedly calls it a wrap on Diem
PEPE price dives after Whale transfers trillions of tokens to Binance
GALA Price is up 8%, is Now the Time to Buy?