The Tron Network has recorded a sharp spike in its volume over the past few days, highlighting increased bullish sentiment for its ecosystem. Further, the TRX price has added over 27% in the past week, indicating a positive outlook for the coming time.
BitTorrent (BTT) Price Action
Amid increased price action, the BitTorrent (BTT) price has surged over 25% within the past day with a trading volume of $84.79 million. Further, it has added 27.16% over the last week and 6.32% during the past month. With a market cap of $915.46 million, it has secured the 69th position. The technical indicator, RSI, displays a sharp rise toward the overbought range. Moreover, the SMA constantly acts as a support to the BTT price chart in the 1D time frame. This indicates a strong bullish outlook for the altcoin this week. Suppose the market pushes the BitTorrent price above its resistance level of $0.0000009450. In that case, the altcoin will prepare to test its upper high of $0.0000012260. Conversely, a bearish reversal could result in it plunging toward its low of $0.0000006490.
Just (JST) Price Action
The Just (JST) price has continued trading under a strong bullish influence by adding 10.89% within the past 24 hours. Moreover, it has added 21.58% within the past week and 11.69% over the past 30 days. This altcoin has a relatively lower YTD return of below 1%, suggesting recent adoption. The Moving Average Convergence Divergence (MACD) has displayed a significant rise in its green histogram, with its averages showing a constant uptrend. This highlights that the Just price will continue gaining value this week. If the market continues trading under a bullish sentiment, the JST price will prepare to head toward its upper resistance level of $0.04080 during the upcoming time. However, if the bears regain control, the altcoin will retest its low of $0.03030.
Sun (New) Price Action
Built to support the Tron ecosystem, the Sun project was the first to support a stablecoin swap, self-governance, and token mining. Its native token “SUN” acts as a mode of transfer on its block. Further, it gives its users special access to voting, governance rights in the community, and value capture. Notably, it has jumped 59.86% in the past day with a trading volume of $330.601 million, a change of +472.55%. Moreover, it has surged 109% in the past week and 78.60% over the past month. The SUN (new) price has a YTD return of 135.91%. With a trading price of $0.0196, a circulating supply of 9,951,640,722 SUN tokens, and a total supply of 19,900,730,000 SUN tokens, it has secured the 197th position with a market capitalization of $190.784 million.
The Tron network and its tokens continue to show significant growth and bullish trends with potential price increases in the coming weeks. Investors should keep a close eye on the development of these cryptocurrencies.
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