Bitcoin

Resistance

TRON

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tron-trx-shows-resilience-in-volatile-crypto-market/" data-wpel-link="internal">TRON (TRX) Shows Resilience in Volatile Crypto Market</a><br></p>
<p style="text-align: justify">Challenging the volatility in the cryptocurrency market, <strong>TRON (<a href="https://en.coin-turk.com/will-the-rise-of-trx-coin-continue-trx-price-prediction-for-october/" data-wpel-link="internal">TRX</a>)</strong>, has shown an upward trend since last Friday, following the completion of <a href="https://coin-turk.com/bloombergden-carpici-bitcoin-raporu-btcnin-gozu-yukseklere-mi-topraga-mi-bakiyor" data-wpel-link="internal">Bitcoin</a>‘s (<a href="https://coin-turk.com/dusecek-mi-yillara-gore-bitcoin-ve-kripto-temmuz-performansi-uzmanlar-cevapladi" data-wpel-link="internal">BTC</a>) fourth halving. This positive rise has pushed TRX’s price from $0.105 to $0.115, recording a 10.5% growth.</p> 
<h2 id="trx-resistance-level">TRX Resistance Level</h2> 
<p style="text-align: justify">The price of the rising cryptocurrency on the daily chart is ready to challenge the monthly resistance, indicating a higher growth potential. The medium-term trend for TRON’s price still shows a downward trend on the daily chart’s dynamic resistance trend line. This declining trend line caused the cryptocurrency’s value to drop from $0.144 to $0.104 over two months, corresponding to a 27.2% decrease.</p> 
<p style="text-align: justify">However, the downward trend found suitable support at the $0.105 level, which is the 38.2% Fibonacci retracement level, following the last <a href="https://en.coin-turk.com/investor-optimism-rises-as-bitcoin-stabilizes-above-50000/" data-wpel-link="internal">Bitcoin</a> halving. Renewed buying pressure after this pullback brought the price back to $0.115.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-344514 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/intotheblock-1.jpg" alt="" width="1709" height="433"></p> 
<h2 id="active-addresses-in-tron">Active Addresses in TRON</h2> 
<p style="text-align: justify">The rise in the cryptocurrency, according to data from analytics firm IntoTheBlock, accelerated with a significant development in the <a href="https://en.coin-turk.com/tron-community-celebrates-as-usdt-circulation-surpasses-50-billion/" data-wpel-link="internal">Tron</a> network. The number of daily active addresses on the Tron blockchain has significantly increased, with current figures showing there are now 2.27 million active addresses. This marks a significant 37% increase from the previous month, highlighting the growing interest and participation in the Tron ecosystem.</p> 
<p style="text-align: justify">Moreover, if the upward momentum continues, the TRX price could surpass the general trend line, facilitating buyers to lead a new recovery rally. The post-breakout rally could encourage buyers to pursue potential targets like $0.12 and then $0.144. TRON (TRX), following Bitcoin’s fourth halving, grew by 10.5% to $0.115. The daily chart shows an upward trend, while the medium-term trend is still in decline. The number of daily active addresses in the TRON network has increased by 37% to 2.27 million, indicating increased interest.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/tron-trx-shows-resilience-in-volatile-crypto-market/" data-wpel-link="internal">TRON (TRX) Shows Resilience in Volatile Crypto Market</a></h5>

TRON (TRX) Shows Resilience in Volatile Crypto Market

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