In the midst of growing commercial disputes between major economies, the cryptocurrency markets have mixed reactions, Tron (TRX) demonstrating particular resilience.
The recent strike of Tether of 1 billion USDT on the TRON network signals continuous institutional interest despite the volatility of the market.
Strengths of technical analysis
- TRX recovered from a correction of 7.5%, bouncing 0.221 on April 7 to reach 0.243 on April 10.
- A clear double-bottom model formed around the support area of 0.226-0.227, with a significantly increased volume during the recovery phase, according to the Technical Analysis model of Coindesk Research.
- The 48 -hour analysis shows a decisive increase trend with higher stockings and higher highs, establishing strong support at 0.238 and resistance to 0.242.
- Fibonacci trace levels indicate that the current rally recovered the level of 61.8% of the previous decline.
- Momentum indicators indicate that the continuous optimistic feeling while TRX approaches the key psychological level of 0.245.
- During the last 100 minutes of negotiation, TRX gained 0.6% from 0.241 to 0.242, forming a clear ascending channel.
- Strong purchase pressure occurred between 10: 52-10: 58, TRX from 0.241 to 0.242 on a volume greater than the average.
- A brief decline at 0.241 around 11:15 am established a lower bottom, maintaining an increase in the rise.
- Fibonacci extension suggests 0.243 as the next target level, with immediate support at 0.241.
Warning: This article was generated with AI tools and examined by our editorial team to guarantee accuracy and membership of our standards. For more information, see the complete Coindesk AI policy. This article may include information from external sources, which is listed below if necessary.
External references:
- Thenewscrypto, “3 other altcoins to add to your wallet if you bought the Solana (ground) dip”, published on April 8, 2025.
- Cryptopolitan, “Ai predicted 22,140% of gains for Mutum Finance (MUTM) and 405% for Shiba Inu (SHIB), but says to sell Tron (TRX) and RIPPLE (XRP) quickly”, published on April 7, 2025.
- Bitcoiniste, “XRP for Flip Bitcoin This cycle? The analyst points to Major Bounce”, published on April 8, 2025.
- Bitcoin Sistemi, “new declaration by the founder of Tron (TRX) Justin Sun on Fdusd Crisis”, published on April 5, 2025.
- U.TODAY, “TRON (TRX) May Flip DOGECOIN (DOGE) SOON”, published on April 8, 2025.
