In the midst of growing commercial disputes between the main economies, cryptocurrency markets show mixed reactions, with Tron (TRX) that demonstrate a particular resistance.
The recent tether coin of one billion dollars in the signs of the Tron network continued institutional interest despite market volatility.
TECHNICAL ANALYSIS
- TRX recovered from a 7.5%correction, bouncing 0.221 on April 7 to reach 0.243 before April 10.
- A clear double background pattern was formed around the 0.226-0.227 support zone, 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 upward trend with higher and higher minimums, establishing strong support to 0.238 and resistance to 0.242.
- Fibonacci setback levels indicate that the current rally has recovered the level of 61.8% of the previous decline.
- The impulse indicators point to a continuous bullish feeling as TRX approaches the key psychological level of 0.245.
- In the last 100 minutes of negotiation, TRX won 0.6% from 0.241 to 0.242, forming an clear ascending channel pattern.
- There was a strong purchase pressure between 10: 52-10: 58, with TRX increasing from 0.241 to 0.242 in a volume higher than the average.
- A brief setback at 0.241 around 11:15 established a higher bass, maintaining the integrity of the upward trend.
- The Fibonacci extension suggests 0.243 as the next objective level, with immediate support at 0.241.
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External references:
- Then WSCRYPTO, “3 more Altcoins to add to its portfolio if you bought the Solana Sauce (Sun)”, published on April 8, 2025.
- Cryptopolitan, “AI predicts 22,140% profits for Mutuum Finance (MUTM) and 405% for Shiba Inu (Shib), but says it sells Tron (TRX) and Ripple (XRP) fast”, published on April 7, 2025.
- Bitcoinist, “XRP to turn Bitcoin this cycle? Analyst points to Major Bunce”, published on April 8, 2025.
- Bitcoin Systemi, “New Declaration of the founder of Tron (TRX) Justin Sun in the FDUSD crisis”, published on April 5, 2025.
- U.TODAY, “TRON (TRX) can turn Dogecoin (Doge) soon”, published on April 8, 2025.
