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Ethereum's Rise Revived Altcoins! Justin Sun's Project Also Gained Momentum! Here are the Details
Amidst global economic tensions, the crypto markets are fluctuating, while TRON's native token TRX stands out with its stable performance.
TRX Increased by 1.25%: High Volume Support Area Raised the Price
TRX has formed a new trading range between 0.269 and 0.273 dollars, recording a 1.25% increase along with strong volume support in this area.
The recent stability of TRX is remarkable despite the uncertainty in the markets caused by increasing trade wars among major economies. While Bitcoin and other major cryptocurrencies have been volatile, TRX's steady rise indicates a growing institutional interest in blockchain projects that stand out due to their practical use cases and high trading volumes.
Technical Outlook: Strong Momentum Supported by Volume
According to technical data, TRX is in a position to maintain its upward trend due to both the resistance it shows at short-term resistance levels and the strong support volume. Analysts indicate that if the price permanently surpasses the resistance of $0.273, TRX could achieve a broader upward movement area.
The continued interest from institutions and the stability shown in the general volatility of the markets places TRX among the tokens that should be monitored in the short term.