The market just went through a brutal washout this morning, with BTC currently at $60,525.60, after a dive of over 6% yesterday. ETH has also taken a heavy hit, dropping to $1,551.34! In this extreme sell-off environment, the assets that hold steady and show early signs of recovery will be the leaders of the next rebound. TRX is currently priced at $0.3220, having tested the lower Bollinger Band support at $0.31714 before quickly bouncing back. The 4-hour RSI has plummeted to around 30, indicating it's in the oversold zone, and selling pressure is pretty much maxed out! The daily MA250, which serves as the long-term bull-bear line, sits at $0.3063, just a smidge away, making it a prime area for the big players to throw down their chips.
Two significant bullish catalysts are stacking up! The US SEC officially reached a settlement with Justin Sun yesterday, putting an end to a three-year legal battle. Right after that, TRX got listed on Bitnomial, a compliant exchange regulated by the CFTC, which is holding over $89 billion in USDT! Founder Justin Sun just stated in a recent Hurun interview that he is deeply focused on the stablecoin payment and AI sector. With regulatory chains removed and ecosystem ceilings lifted, how can smart money not take notice?
Let's look at some key data: the 24-hour trading volume has exceeded 216 million coins, and funding rates have hit -0.03%, with shorts effectively giving longs a cashback. The contract open interest is stable at $347 million, and both bulls and bears have their chips on the table— a shift in market dynamics is imminent! The current price is sitting above the confluence support of the 120-day MA at $0.3173 and the 250-day bull-bear line at $0.3063, with the daily Bollinger lower band at $0.3191 right beneath us. If a counterattack begins in this zone, the first target above is directly aimed at $0.35.
In terms of action, BTC and ETH are repeatedly building a bottom at this level. Don’t wait for the big coin to stabilize before jumping in; that’s chasing the pump. For TRX, consider scaling in around the current price of $0.3220, with a stop-loss set below $0.315, targeting $0.335-$0.34 first; if it breaks through, we’re looking at $0.35 above! Remember, real trading opportunities often arise when the market is most fearful, and no one dares to act. Right now, are you willing to stand with smart money? Let’s chat in the comments! 🚀
Two significant bullish catalysts are stacking up! The US SEC officially reached a settlement with Justin Sun yesterday, putting an end to a three-year legal battle. Right after that, TRX got listed on Bitnomial, a compliant exchange regulated by the CFTC, which is holding over $89 billion in USDT! Founder Justin Sun just stated in a recent Hurun interview that he is deeply focused on the stablecoin payment and AI sector. With regulatory chains removed and ecosystem ceilings lifted, how can smart money not take notice?
Let's look at some key data: the 24-hour trading volume has exceeded 216 million coins, and funding rates have hit -0.03%, with shorts effectively giving longs a cashback. The contract open interest is stable at $347 million, and both bulls and bears have their chips on the table— a shift in market dynamics is imminent! The current price is sitting above the confluence support of the 120-day MA at $0.3173 and the 250-day bull-bear line at $0.3063, with the daily Bollinger lower band at $0.3191 right beneath us. If a counterattack begins in this zone, the first target above is directly aimed at $0.35.
In terms of action, BTC and ETH are repeatedly building a bottom at this level. Don’t wait for the big coin to stabilize before jumping in; that’s chasing the pump. For TRX, consider scaling in around the current price of $0.3220, with a stop-loss set below $0.315, targeting $0.335-$0.34 first; if it breaks through, we’re looking at $0.35 above! Remember, real trading opportunities often arise when the market is most fearful, and no one dares to act. Right now, are you willing to stand with smart money? Let’s chat in the comments! 🚀
