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Boring Bitcoin Sends Tron’s TRX Up By 17% in Three Days; What’s Next

Tron’s native token TRX was among the top gainers on Tuesday as its price jumped by up to 11.38 percent. The TRX/BTC exchange rate settled an intraday high at 345 sats before correcting lower ahead of the New York trading session. The move downhill appeared in contrast with Bitcoin’s slow and sideways action above $10,000. So it appears, traders decided to move into alternative assets after finding no intraday opportunities in the Bitcoin market. Tron (TRX) surges the third day in a row. Source: TradingView.com DeFi Aid Tron looked appealing for its short-term fundamentals. The token joined the ongoing decentralized…

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Tron (TRX) Outperforms Bitcoin, But Here’s Why It Could Correct Lower

Tron price is up over 5%, while bitcoin is down over 5% against the US Dollar. TRX is currently testing a crucial resistance near $0.0385 and it could correct lower in the short-term. Tron price is trading in a positive zone well above the $0.0320 pivot level against the US dollar. The price traded to a new weekly high at $0.0386 and it is currently consolidating gains. There is a key connecting bullish trend line forming with support near $0.0350 on the 4-hours chart of the TRX/USD pair (data source from Kraken). The pair is likely to correct lower, but…

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Chasing The Crypto Trend: Tron Attempts To Jump On DeFi Bandwagon

Tron founder and CEO Justin Sun was spotted on Twitter today, promoting a decentralized exchange for liquidity pooling akin to Uniswap and other DeFi platforms that have been booming recently. Is this yet another attempt by the altcoin’s backer to tap into the latest trend, or is this simply meeting market demand with the services that are currently highly sought? Justin Sun Introduces JustSwap, Aims To Steal Uniswap DeFi Thunder In the cryptocurrency market, there are often trendsetters, and then there are dozens more that chase that same trend, only to fail at recapturing what caused the initial buzz in…

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Why Tron’s 20% One-Week Climb Is Just The Start Of Extended Uptrend

Bitcoin and major altcoins have been breaking out all across the crypto space. Several other top altcoins across the top 100 by market cap also saw strong rallies, but a handful of top altcoins like Tron and Litecoin have lagged behind. Chart patterns had shown similar price action as other alts ahead of major breakouts, and finally, Tron has followed suit and surged by 20% over the last week. Indicators are confirming the breakout, and potentially signaling that the asset’s uptrend is only just getting started. Will Tron continue to climb from here and catch up to the rest of…

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Tron (TRX) Rallies 15% And Showing Early Signs of A Strong Uptrend

Tron price rallied over 15% and it surpassed the key $0.0220 resistance zone against the US Dollar. TRX could correct lower in the short term, but the price action suggests more gains. Tron price is gaining bullish momentum above the $0.0220 resistance against the US dollar. The price traded to a new weekly high at $0.0243 and it is currently correcting lower. There is a crucial bullish trend line forming with support near $0.0210 on the 4-hours chart of the TRX/USD pair (data source from Bitfinex). The pair is likely to continue higher towards $0.0250 or even $0.0265 as long…

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