• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin and Tron Continue to Surprise: What's Next for the Crypto Market?

user avatar

by Giorgi Kostiuk

3 months ago


In the cryptocurrency market over the last 24 hours, we are witnessing significant growth as Bitcoin (BTC) surged by 4%, trading above the $105,000 mark. This bullish momentum has also influenced altcoins, notably Tron (TRX), which has risen over 4% to $0.25.

Large Accumulation by World Liberty Financial

According to Spotonchain, World Liberty Financial has recently made significant cryptocurrency purchases, generating noticeable reactions with their acquisitions. The fund spent $2.65 million USDT to acquire 10.81 million TRX today, with total purchases amounting to 30.11 million TRX ($7.35 million). In the past three days, the fund has spent a total of $168.4 million on six tokens, including:

* $99.95 million on ETH * $47 million on WBTC * $7.35 million on TRX * $4.7 million each on AAVE, ENA, and LINK

This aggressive accumulation by a prominent fund has shifted market sentiment and attracted renewed attention to TRX.

Is a Breakout on the Horizon?

TRX’s daily chart displays a descending triangle pattern, often considered a bullish reversal signal when supported by strong fundamentals. After correcting to a low of $0.22, TRX is currently trading near $0.25, approaching the triangle’s upper resistance line. A successful breakout above this resistance, confirmed by retesting, could indicate the start of a bullish rally.

TRX could target the following resistance levels:

* $0.31 * $0.3357 * $0.45

This suggests an upside potential of about 79% from current levels. The MACD indicator is showing positive signs, increasing the likelihood of a potential breakout.

Conclusion

With bullish market sentiment and significant institutional accumulation by World Liberty Financial, TRX seems poised for a breakout. Investors should closely monitor key resistance levels.

As the crypto market shows robust growth, certain supports and trade volumes continue to create potential for further transactional strength. However, investments in cryptocurrencies always carry risks, and market participants should carefully consider their decisions.

0

Share

Other news

MAGACOINFINANCE: Crypto Investors Turning Attention to New Token

The cryptocurrency MAGACOINFINANCE is drawing attention as XRP and Solana continue to show strength.

user avatarGiorgi Kostiuk

7 minutes ago

AI Agents from Unstaked: Revolutionizing Crypto Usage

Unstaked introduces AI agents that promise automation and real results for users in the crypto world.

user avatarGiorgi Kostiuk

11 minutes ago

Michael Saylor: BlackRock IBIT Could Become the Largest ETF in the World

Michael Saylor predicts BlackRock's Bitcoin ETF will rank first among ETFs within ten years.

user avatarGiorgi Kostiuk

28 minutes ago

DeFi Development Corp Plans to Raise $1 Billion for Solana Token Purchases

DeFi Development Corp files with SEC to raise $1 billion targeting an increase in its Solana token holdings.

user avatarGiorgi Kostiuk

28 minutes ago

Raphael Coin Unveils Tokenized Renaissance Piece: A New Era for Art

Raphael Coin has launched the token 'Recto: Study for the Battle of the Milvian Bridge', offering fractional ownership of a Renaissance artwork.

user avatarGiorgi Kostiuk

29 minutes ago

MAGACOINFINANCE: New Opportunities and Growth Predictions

Analysis of the growing interest in MAGACOINFINANCE and the opportunities it offers against other cryptocurrencies.

user avatarGiorgi Kostiuk

30 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.