- TRON processes 6.5 billion transactions and hits a $6.75 billion TVL.
- TRX surged by 9% in a month, and experts predict it will breach the $0.090 resistance, reaching $0.10.
- Bullish sentiment, a Fear & Greed Index at 70 (Greed), and 53% green days indicate a favorable market environment for TRON.
In the midst of a challenging bear market, TRON (TRX), the popular blockchain network, has managed to shine brightly, defying the odds and setting new records.
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Recent data reveals that TRON has processed an astounding 6.5 billion transactions, showcasing the platform’s robustness and efficiency. Simultaneously, its Total Value Locked (TVL) has reached an unprecedented high, surging by 2.23% and peaking at an impressive $6.75 billion.
The remarkable performance has significantly impacted TRX, TRON’s native cryptocurrency. Over the last month, TRX has experienced a notable surge, witnessing a 9% increase in its value. This surge has propelled TRX into the top 10 cryptocurrencies, highlighting the project’s resilience and appeal to investors.
Currently, TRX is encountering resistance at $0.090, a crucial point for the cryptocurrency. However, industry experts remain optimistic, predicting a bullish trend that could potentially drive TRX above this resistance level, setting the stage for a push towards the coveted $0.10 mark.
Analyzing the market sentiment, indicators suggest a favorable environment for TRON. CoinCodex‘s technical analysis points towards a bullish sentiment, indicating a positive trajectory for TRX. Additionally, the Fear & Greed Index, a reliable gauge of market sentiment, stands at 70, indicating a strong sense of greed among investors. Moreover, the past 30 days have seen TRON record 53% green days, underlining the cryptocurrency’s stability and attractiveness.
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