<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/will-the-rise-of-trx-coin-continue-trx-price-prediction-for-october/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tron</a></strong> (<strong><a href="https://en.coin-turk.com/tron-coin-analysis-will-trx-price-continue-to-fall/" data-wpel-link="internal" rel="noopener noreferrer nofollow">TRX</a></strong>) has seen its total locked value (TVL) rise to $7 billion, indicating a strong network. With the cryptocurrency showing an upward trend in the second half of October, investor confidence was also increasing.</p>
<h2 id="trx-price-prediction">TRX Price Prediction</h2>
<p style="text-align: justify">A previous price analysis highlighted a downward trend and suggested a possible pullback towards $0.0869. Although there was a slight decrease, it was not as deep as expected. This reflected the strong bullish trend in the market.</p>
<p style="text-align: justify">In mid-October, the cryptocurrency retraced its September rally and tested the 78.6% Fibonacci retracement level at $0.0845. Since then, bulls have managed to sustain a strong uptrend and broke the local resistance at $0.0883. At the time of writing, TRX was trading at $0.0911. The Fib extension levels indicated potential profit-taking levels for bulls at 23.6% and 61.8% extension levels, which were $0.093 and $0.0962, respectively.</p>
<p style="text-align: justify">Additionally, the $0.0944 level marked the highest point during TRX’s rise from $0.0645 in June and July. The RSI on the H4 chart was neutral, close to 50. The market structure favored the bulls, but breaking the recent low of $0.0905 could indicate a change in structure.</p>
<p><img decoding="async" class="aligncenter wp-image-269522 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/trx-1.png" alt="" width="1940" height="1099"></p>
<h2 id="current-data-for-trx">Current Data for TRX</h2>
<p style="text-align: justify">However, the DMI, ADX, and +DI signaled the continuation of a strong uptrend with their values above 20. The cumulative delta levels reached $15.89 million. There were nearly $1 million short liquidations at the $0.089 level, and more at $0.0088. Long position liquidations were not significant.</p>
<p style="text-align: justify">Therefore, it is possible for TRX to experience a short-term pullback to capture these liquidation levels. Investors may expect a decline and change in the lower time frame market structure before entering long positions.</p> Continue Reading: <a href="https://en.coin-turk.com/trx-locks-7-billion-trx-price-prediction-and-latest-data/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/trx-locks-7-billion-trx-price-prediction-and-latest-data/</a>

TRX Locks $7 Billion! TRX Price Prediction and Latest Data

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