The cryptocurrency market is experiencing significant turbulence, putting many investments at risk. Investors are seeking strategies to safeguard their assets and turning attention to resilient cryptocurrencies.
TRON's State: Short-Term Correction and Long-Term Outlook
TRON (TRX) price has seen a decline of nearly 9% over the last month, following a one-week drop of about 4.4%. Over six months, TRON recorded a strong rebound of roughly 38.5%, marking a significant recovery from lower levels. The past month reflects a correction period following an extended rally. TRON trades between $0.22 and $0.26, with a clear resistance at $0.27 and immediate support at $0.19. Indicators show weak momentum and an RSI near 40, indicating a bearish short-term bias.
Ethena's Price Dynamics and Key Levels
Ethena experienced significant drops with a 31.62% dip over one week and a 40.72% decline in one month. The six-month pullback of 10.79% suggests that the long-term slide has been less drastic than the short-term losses. Ethena currently trades between $0.29 and $0.44, with a resistance near $0.53 and support at $0.24. The market is dominated by bearish sentiment, marked by low RSI of 32.25.
XRP: From Success to Recent Declines
XRP experienced a six-month surge of over 211%, but the last month has seen a challenging performance, with prices falling by almost 31% and a one-week decline near 23%. XRP currently trades within a range of about $1.66 to $2.77, with support at $1.23 and resistance at $3.45. Bearish momentum is dominant, but the low RSI near 28 indicates oversold conditions that may invite buying near support.
In the current challenging market, focusing on reliable and promising cryptocurrencies is essential. TRON, Ethena, and XRP may serve as strong options for safeguarding savings at this time.
