The Cryptocurrency Market shows mixed signals as geopolitical developments create both opportunities and challenges for digital assets.
Trons TRX token demonstrated remarkable strength with a 4.8% rally over a recent 24-hour period, climbing from $ 0.264 to $ 0.276 before experiencing a slight correction.
This Uptrend coincided with Tron achieving a significant milestone by overtaking Ethereum as a blockchain with the biggest USDT circulation now hosted $ 73.8 billion compared to Ethereum’s $ 71.9 billion.
The White House’s announcement of a recent US -China trade agreement has signaled a potential cooling in the merchant voltage, giving a boost to the market mood. Meanwhile, institutional adoption continues to accelerate Coinbase’s addition to the S&P 500, which highlights growing mainstream acceptance of digital assets.
Technical analysis highlights
- TRX climbed from $ 0.264 to a highlight of $ 0.276, representing a 4.8% range with volume above average at key breaking points.
- Strong purchase pressure established support for $ 0.265 during 13: 00-14: 00 and 19:00 sessions.
- A remarkable resistance zone appeared around $ 0.275, with the price consolidated near this level before a slight withdrawal.
- Consistently higher low lower throughout the period continues to suggest bullish momentum.
- In the last hour, TRX reached a highlight of $ 0.276 at. 07:48, before entering a sharp correction phase.
- The price fell approx. 0.9% from its hourly height to $ 0.273 with strong sales volume (11.8 m) at. 08:08.
- A new support level was established about $ 0.274 with several failed attempts to recover $ 0.275.
- Recent price action indicates consolidation between $ 0.273- $ 0.274, with modest purchases that arise near session low.
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