Latest news on TRON: The TRON cryptocurrency (TRX) has seen a 3.20% rise against the US dollar in the last 24 hours, outpacing the 2.67% growth of the broader cryptocurrency market. Furthermore, TRX recorded an increase of 3.61% against BTC.
Despite the short-term bullish trend, our prediction for October 9, 2023 indicates that TRX price could decline by 12.25%, reaching $0.079361.
In the last month, TRON has gained 17.05% and 47.53% compared to last year. Currently, the Fear and Greed index stands at 49 (Neutral), indicating neutral sentiment in the cryptocurrency market.
The key support and resistance levels for TRON are $0.088660, $0.086443, $0.085286 and $0.092034, $0.093191, $0.095408, respectively. Technical analysis shows bullish sentiment in the TRON market, with 26 indicators in favor and only 4 against.
Although our short-term prediction is bearish, the long-term outlook for TRON remains positive. However, it is important to remember that the cryptocurrency market is unpredictable and volatile, so consulting professional advice is recommended before making investment decisions.