Significant changes are observed in the cryptocurrency market, primarily concerning Tron (TRX), PEPE, and the upcoming BlockDAG launch. These factors shape trading expectations among market participants.
Positive Outlook for Tron (TRX)
Recent data shows that large investors continue to accumulate Tron (TRX), creating a positive market sentiment. Key support levels are between $0.295 and $0.30, and they are expected to be tested soon. An increase in network transactions and active addresses adds confidence to TRX's price.
Weakness in PEPE Amid Market Pressures
PEPE chart analysis reveals a bearish flag near the $0.0000090 support level. Trading volume is declining, and buyer interest is waning. Current data suggests a potential further decline of 37% if this support fails, highlighting PEPE's vulnerability in the market.
BlockDAG Launch and Its Impact on the Market
As the global launch of BlockDAG approaches on August 11, market participants' attention is increasing. The presale has raised over $336 million, signaling high interest. Plans for listings on 20 major exchanges also support expectations that the BlockDAG launch will be a significant event in the crypto market.
The situation in the cryptocurrency market shows a mix of potential opportunities and risks. Tron (TRX) demonstrates signs of growth, while PEPE faces difficulties. The upcoming BlockDAG launch may soon change the dynamics and attract additional investor attention.
