- summary:
- TON PRICE is in a contradictory path to the broader market where investors speculate what can be in the store after the Justin Sun’s post.
TON PRICE was shocked on Tuesday, when investors’ reaction to a hidden publication from Justin Sun was shocked. The currency was traded at $ 0.224 at the time of this report, an increase of 2.1 % on the daily chart. Meanwhile, the broader encryption market, with the market leader, has decreased by Bitcoin by -1 %. Traders speculate what can be in the store after TRX after the Sun’s message on X, and this path determined by the currency in the short term.
TON is one of Altcoins, which is described as a potential heirs for Ethereum, and begins to want to upgrade the noise level. Meanwhile, speculation is abundant that Sun’s announcement can have repercussions on ETH. Tron Blockchain outperformed ethereum last week, achieving $ 12.9 million of transaction fees for $ 6.7 million. The value of future TON transactions has increased by 1.8 % in the past 24 hours, indicating an increase in the investor’s confidence in the future performance of the TRX price.
Despite its gains, the momentum in TON PRICE is still weak, as its size has decreased 24 hours by 2 % to this writing. This indicates that most investors are not ready to continue to buy the currency at a higher price. In addition, this is confirmed by the average indicator index (ADX) at 22, which indicates a weak direction.
It is worth noting that TON Price was traded in a narrow range ranging from $ 0.210 and $ 0.227 and the price to this writing is within that slide. Therefore, a break outside this range can indicate a stronger direction with a potential rise in fluctuations.
The price of Tron
Tron PRICE PIVOTS prevails at $ 0.221, and the upward trend will prevail if the procedure remains above this level. With buyers control, TRX is likely to meet the first resistance at $ 0.226. The breaking of this level will indicate the strengthening of the upward momentum, with a coming barrier that is likely to be at $ 0.230.
On the other hand, the momentum will turn to the negative side if the price decreases to less than $ 0.221. This movement is likely to see the first support at $ 0.218. The bullish direction narration will be invalid if the price of TRX extends the procedure below this level. Also, this currency momentum can send a decrease in a $ 0.214 test.
