EigenLayer

Million

Pocket

Daily

<p>The Tron price prediction may need to stage a meaningful short-term rally for the coin to see a rise above the $0.130 level.</p>
<h2 id="tron-founder-justin-sun-secures-2-million-tokens-in-eigenlayer-airdrop">Tron Founder Justin Sun Secures 2 Million Tokens in EigenLayer Airdrop</h2>
<p>Justin Sun, the founder and CEO of Tron (TRX), has recently reaped significant rewards from the EigenLayer token airdrop. Sun acquired more than $2 million worth of EIGEN tokens during the Phase 1 airdrop organized by EigenLayer, amassing a staggering 2.08 million EIGEN tokens. Furthermore, the community eagerly anticipates the upcoming Phase 2 airdrop.</p>
<h2 id="tron-prediction-statistics-data">Tron Prediction Statistics Data:</h2>
<ul>
 <li>Tron price now – $0.127</li>
 <li>Tron market cap – $11 billion</li>
 <li>Tron circulating supply – 87.4 billion</li>
 <li>Tron total supply – 87.4 billion</li>
 <li>Tron Coinmarketcap ranking – #13</li>
</ul>
<h2 id="trx-usd-market">TRX/USD Market</h2>
<p>Key Levels:</p>
<p>Resistance levels: $0.145, $0.150, $0.155</p>
<p>Support levels: $0.105, $0.100, $0.095</p>
<figure id="attachment_520030" aria-describedby="caption-attachment-520030" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-520030 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/05/TRXUSD_05052024.png" alt="Tron Price Prediction for Today, May 11 – TRX Technical Analysis" width="1374" height="744" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/TRXUSD_05052024.png 1374w, https://insidebitcoins.com/wp-content/uploads/2024/05/TRXUSD_05052024-300x162.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/TRXUSD_05052024-1024x554.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/TRXUSD_05052024-768x416.png 768w" sizes="(max-width: 1374px) 100vw, 1374px">
 <figcaption id="caption-attachment-520030" class="wp-caption-text">
  TRXUSD – Daily Chart
 </figcaption>
</figure>
<p><a href="https://coinmarketcap.com/currencies/tron/" rel="noopener noreferrer nofollow">TRX/USD</a> is seen moving in a narrow trading range as the con breaks above the 9-day and 21-day moving averages. The Tron price is likely to cross above the upper boundary of the channel if the buyers increase the buying pressure. However, if the coin fails to rally from current trading levels, the greater the chance that we may see the price falling to a new trading low.</p>
<h2 id="tron-price-prediction-tron-trx-may-head-to-the-upside">Tron Price Prediction: Tron (TRX) May Head to the Upside</h2>
<p>The Tron price may break above the upper boundary of the channel, but the longer the coin fails to rally from current trading levels, the greater the chance that traders may see the coin falling. Any bearish slide toward the lower boundary of the channel could touch the support levels of $0.105, $0.100, and $0.095. Meanwhile, the 9-day MA is hovering above the 21-day MA, suggesting a bullish movement for the market.</p>
<p>Nonetheless, the daily chart highlights that TRX/USD bulls may continue to re-group and energize the market by pushing the price above the upper boundary of the channel. Therefore, any further bullish movements above this barrier could locate the resistance levels of $0.145, $0.150, and $0.155.</p>
<h2 id="trx-btc-could-break-to-the-north">TRX/BTC Could Break to the North</h2>
<p>Against Bitcoin, the <a href="https://insidebitcoins.com/news/tron-trx-and-xrp-investors-shifting-funds-to-algotech-algt" rel="noopener noreferrer nofollow">Tron (TRX)</a> price is moving to cross above the channel’s upper boundary. However, the coin may continue to follow the upward movement if the buyers increase the pressure and the nearest resistance level may be found around 220 SAT.</p>
<figure id="attachment_520029" aria-describedby="caption-attachment-520029" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-520029 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/05/TRONBTC_05052024.png" alt="Tron Price Prediction for Today, May 11 – TRX Technical Analysis" width="1374" height="744" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/TRONBTC_05052024.png 1374w, https://insidebitcoins.com/wp-content/uploads/2024/05/TRONBTC_05052024-300x162.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/TRONBTC_05052024-1024x554.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/TRONBTC_05052024-768x416.png 768w" sizes="(max-width: 1374px) 100vw, 1374px">
 <figcaption id="caption-attachment-520029" class="wp-caption-text">
  TRXBTC – Daily Chart
 </figcaption>
</figure>
<p>However, as the 9-day moving average remains above the 21-day moving average, the coin creates additional resistance levels. Meanwhile, any further bullish movement could lead to a resistance level of 255 SAT and above. On the contrary, sliding below the channel’s lower boundary may touch the support level of 160 SAT and below.</p>
<p>However, @cryptojack provided analysis on #TRON to his vast audience of over 313k followers on X (formerly Twitter), indicating that the coin’s performance aligns with expectations. The price rebounded from the 0.382 Fibonacci level, with the next hurdle being the Golden Pocket situated at approximately $0.13. Should the price of $TRX successfully surpass the GP, it could potentially revisit its previous all-time highs (ATHs)!</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">My previous analysis for for <a href="https://twitter.com/hashtag/TRON?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TRON</a> is playing out as expected. The price bounced from the 0.382 fib level and the next resistance is the Golden Pocket at around $0.13.</p>
 <p>If the price of <a href="https://twitter.com/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TRX</a> can clear the GP then it will retest its previous ATHs! <a href="https://t.co/pQNwm0VX8H" rel="noopener noreferrer nofollow">pic.twitter.com/pQNwm0VX8H</a></p>
 <p>— CryptoJack (@cryptojack) <a href="https://twitter.com/cryptojack/status/1788825109450444811?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 10, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="tron-alternatives">Tron Alternatives</h2>
<p>Today, the Tron price surged upwards, hitting the resistance level of $0.128. A positive breakthrough above the upper channel boundary could propel the market price toward the $0.135 resistance level. As the price continues to climb, more buyers may enter the market, bolstering bullish positions. Despite Tron’s substantial $11 billion market cap, placing it 13th in the crypto rankings, its large size may limit additional potential. Conversely, the new meme coin, <a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">Dogeverse ($DOGEVERSE)</a>, has garnered significant attention by raising over $15 million and attracting interest from prominent figures in the crypto sphere. Investors keen on Dogeverse are urged to seize the opportunity before the presale stage concludes.</p>
<p>Unveiling Dogeverse: Your Ticket to the Next 100X Meme Revolution!</p>
<p><iframe title="THE NEXT 100X MEME!! MUST SEE THIS!! DOGEVERSE!!" width="640" height="360" src="https://www.youtube.com/embed/lNulUc0XLOc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>With over $15 million raised, Dogeverse token presents an enticing investment opportunity that shouldn’t be overlooked. The remarkable success of its fundraising underscores the immense interest and potential surrounding this meme coin. Backed by a strong community and attracting attention from significant players in the crypto world, Dogeverse has already proven its ability to captivate investors.</p>
<p>You can benefit from&nbsp;<a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">Dogeverse</a>&nbsp;today.</p>
<h2 id="related-news">Related News</h2>
<ul>
 <li><a href="https://insidebitcoins.com/news/tron-price-estimation-trx-gearing-up-for-a-significant-surge" rel="noopener noreferrer nofollow">Tron Price Estimation: TRX Gearing Up for a Significant Surge?</a></li>
 <li><a href="https://insidebitcoins.com/news/doggotothemoon-price-prediction-dog-soars-29-as-the-dogeverse-ico-offers-last-chance-to-buy-after-13-million-raise" rel="noopener noreferrer nofollow">DOG•GO•TO•THE•MOON Price Prediction: DOG Soars 29% As The Dogeverse ICO Offers Last Chance To Buy After $13 Million Raise</a></li>
</ul>

Tron Price Prediction for Today, May 11 – TRX Technical Analysis

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