The cryptocurrency market shows mixed signals because geopolitical developments create both opportunities and challenges for digital assets.
The TRX TRX token demonstrated a remarkable force with a rally of 4.8% over a recent period of 24 hours, going from $ 0.264 to $ 0.276 before undergoing a slight correction.
This upward trend has coincided that tron reaching an important step by exceeding Ethereum as a blockchain with the largest USDT traffic, now welcoming $ 73.8 billion compared to $ 71.9 billion in Ethereum.
The White House announcement of a recent trade agreement between the United States and China has reported potential cooling in trade tensions, which gives a boost to the feeling of the market. Meanwhile, institutional adoption continues to accelerate, with the addition of Coinbase to the S&P 500 highlighting the growing acceptance of digital assets.
Strengths of technical analysis
- TRX went from $ 0.264 to a peak of $ 0.276, representing a range of 4.8% with a volume above average at key rupture points.
- Strong purchase pressure established support at $ 0.265 during sessions from 1:00 p.m. to 2:00 p.m. and 7:00 p.m.
- A notable resistance zone emerged around $ 0.275, with prices consolidating near this level before a slight withdrawal.
- Higher constant hollows throughout the period suggest a continuous bullish impulse.
- During the last hour, TRX reached a peak from $ 0.276 to 07:48 before entering a clear correction phase.
- The price decreased by approximately 0.9% of its time summit to $ 0.273, with a heavy sales volume (11.8 million) at 08:08.
- A new level of support was established about $ 0.274 with multiple unsuccessful attempts to recover $ 0.275.
- A recent price share indicates a consolidation between $ 0.273 and $ 0.274, with modest purchases emerging the most session.
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