TRON (TRX) Poised for Significant Surge Amid Market Volatility

TRON (TRX) has demonstrated remarkable resilience amid the broader cryptocurrency market downturn. Despite the significant sell-off impacting Bitcoin (BTC) and

Cryptocurrency prices have been battered in recent months, with Bitcoin (BTC) and other major coins losing more than half of their value from all-time highs. However, some projects are bucking the trend and showing strength in the bear market.

One such project is TRON (TRX), which has managed to hold strong and maintain a relative level of stability. At the time of writing, TRX is trading at $0.122, with a 24-hour trading volume of $601.07 million and a market capitalization of $11.25 billion. Notably, TRX has increased by 2.15% in the last 48 hours alone, and nearly 6% over the past week.

TRON (TRX) Price Analysis

TRON (TRX) has been on a bullish trend for the past few months. After bottoming out at $0.04 in June, TRX price started to recover and surged by more than 200%. The rally was fueled by a number of factors, including the launch of TRON’s mainnet 4.0, the integration of TRX with a number of payment platforms, and the announcement of a partnership between TRON and Opera.

However, the rally in TRX price stalled in August, as the broader cryptocurrency market began to correct. TRX price fell by more than 30% from its highs, and it has been trading in a range since then. Despite the correction, TRX price is still up by more than 100% from its lows.

Technical analysis of TRX price shows that the coin is currently facing resistance at the $0.127 level. This level marks the 23.6% Fibonacci retracement of the跌势 from the June highs to the August lows. If TRX price can break above this resistance level, it could continue to rally towards the 38.2% Fibonacci retracement level at $0.143.

On the downside, support for TRX price is located at the $0.117 level. This level marks the 14.4% Fibonacci retracement of the跌势 from the June highs to the August lows. If TRX price falls below this support level, it could continue to decline towards the 7.64% Fibonacci retracement level at $0.107.

Overall, technical analysis of TRX price suggests that the coin is currently in a bullish trend. However, the coin is facing resistance at the $0.127 level. If TRX price can break above this resistance level, it could continue to rally towards the 38.2% Fibonacci retracement level at $0.143.

On the other hand, if TRX price falls below the $0.117 support level, it could continue to decline towards the 7.64% Fibonacci retracement level at $0.107.

One project that has managed to attract attention in the gaming sector is Minotaurus. The crypto gaming project is currently in its presale phase and offers early-bird advantages. Early adopters can acquire Minotaurus tokens at an entry price of $0.00004 per coin, which is 80% lower than the listing price.

The project aims to combine the fun and thrill of running games with blockchain technology. Players can use the $MTAUR token for customization, mini-games, speed boosts, special zone unlocks, and more.

According to the team, the game will feature high-quality graphics, engaging gameplay, and a rewarding experience for players. They are also focusing on building a strong community and integrating feedback to improve the game throughout its development.

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