Emily Walker
As the cryptocurrency market hints at a possible upswing, attention is drawn to Monero and Tron. ChangeNOW, a platform that enables cryptocurrency exchanges without the need for registration, reports an uptick in transaction volumes for XMR and TRX. This rise indicates that informed investors and larger holders are looking to secure their assets, suggesting that we may be entering a phase of accumulation. Both cryptocurrencies could see potential increases ahead.
Monero Price Approaches $174 Resistance as Bulls Aim for Recovery
Monero (XMR) is currently trading within a range of $155 to $168. Despite a recent 5% decline over the last week, its price displays signs of stabilization. The nearest support is located at $150, while resistance is seen at $174. Over the past six months, Monero’s value has increased by more than 12%, reflecting a longer-term bullish trend. With the present price near the 100-day moving average of $158, analysts anticipate a possibility for upward movement. A breakout past the $174 resistance could set the stage for targeting $187, indicating a potential rise of about 10%.
Current market conditions may be favorable for those looking into Monero, which can be traded on ChangeNOW without the need for registration or hidden fees.
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TRON (TRX) Gains Traction as Bulls Target Break Above $0.17 Resistance
TRON (TRX) is priced between $0.16 and $0.17, demonstrating significant bullish energy. In the last week, its price increased by over 12%, and it has surged more than 44% over the past six months. The immediate resistance level stands at $0.17, with another at $0.18.
If TRX overcomes these barriers, it may achieve new highs. The Relative Strength Index is currently at around 54, indicating that the cryptocurrency is not in overbought territory. The 100-day Simple Moving Average at $0.17 signals ongoing support for upward movement. Technical indicators suggest a strong bullish presence in the market, and TRON’s price pattern hints at further growth potential.
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Conclusion
In conclusion, Monero and Tron present unique advantages for traders and investors. Monero is recognized for its robust privacy features, appealing to individuals who value anonymity. In contrast, Tron is geared towards decentralized applications and content sharing, attracting developers and content creators.
For those considering investing or trading in these cryptocurrencies, ChangeNOW stands out as an excellent platform. It allows users to buy, sell, or exchange cryptocurrencies without hidden fees or registration requirements. The platform enhances security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction sizes, and the convenience of purchasing crypto via bank cards, ChangeNOW offers a secure and accessible way to engage with the crypto market.
Disclaimer: This is a paid release. The statements, views, and opinions expressed in this column are solely of the content provider and do not necessarily reflect the views of Bitrabo. Bitrabo does not guarantee the accuracy or timeliness of information provided in such content. Please conduct your own research and invest at your own risk.