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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/tron-network-faces-security-speculations-and-market-dynamics" rel="noopener noreferrer nofollow">Tron Network Faces Security Speculations and Market Dynamics</a><br></p>
<p style="text-align: justify">Cryptocurrency figurehead Justin Sun’s <a href="https://en.bitcoinhaber.net/tron-faces-potential-price-correction-as-market-indicators-flash-warnings" rel="noopener noreferrer nofollow">Tron</a> network continues to navigate through active use despite recent security concerns. After the exclusion of the Tron network by USDC, questions about its security and longevity have surfaced. In response, <a href="https://en.bitcoinhaber.net/tethers-dominance-and-crackdown-on-illicit-activities" rel="noopener noreferrer nofollow">Tether</a> revealed a “rescue tool” designed to safeguard stablecoins in cases of security threats or network issues.</p>
<h2 id="recent-market-activity-for-tron-trx">Recent Market Activity for Tron (TRX)</h2>
<p style="text-align: justify">The Relative Strength Index (RSI) of <a href="https://en.bitcoinhaber.net/tron-faces-uncertain-market-dynamics-as-high-profitability-may-trigger-sell-off" rel="noopener noreferrer nofollow">TRX</a> Coin soared to 91 in February, signaling an overbought condition. Even with a reduction to an RSI of 71, the currency maintains an overbought status, indicating a prevailing risk appetite among investors. This demand coincides with the surge in BTC prices, hinting at a continued bullish trend for TRX.</p>
<p style="text-align: justify">The current landscape for TRX holders shows an increase in short-term traders, as evidenced by a rise in owners holding the cryptocurrency for less than a month. This surge points to heightened interest from investors looking for quick returns.</p>
<p style="text-align: justify">The influx of short-term traders could drive the price of TRX upward; however, it also raises the risk of a sharp price decline. Should these investors decide to offload their holdings, they could potentially sell 3.73 billion tokens, potentially leading to a steep price drop.</p>
<h2 id="technical-indicators-and-price-predictions">Technical Indicators and Price Predictions</h2>
<p style="text-align: justify">Technical indicators show that the 200-day and 20-day Exponential Moving Averages (EMAs) are both higher than the current price, suggesting a slowdown in momentum. The emergence of a death cross serves as a forewarning for a possible reversal in the current demand trend.</p>
<p style="text-align: justify">The IOMAP chart highlights the support and resistance levels based on investor purchase costs. TRX exhibits weak support at $0.127, with a potential 10% drop to $0.123 or $0.119 if this level fails. Resistance lies at $0.135, and any downturn in BTC prices could exacerbate the selling pressure on TRX, potentially leading to its continued underwhelming performance.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/tron-network-faces-security-speculations-and-market-dynamics" rel="noopener noreferrer nofollow">Tron Network Faces Security Speculations and Market Dynamics</a></h5>

Tron Network Faces Security Speculations and Market Dynamics

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