- Justin sun is in wait with Ripple head Brad Garlinghouse to buy the bankrupt exchange FTX
- Tron technical indicators are currently favoring an upside move. Meanwhile TRX/BTC pair has seen a loss of 0.211% in intraday session.
Tron founder Justin Sun has remained one of the most controversial figures in crypto industry. Justin has showed interest in buying the bankrupt exchange FTX. He is currently in line with the Ripple Head Brad Garlinghouse. Meanwhile before FTX collapse Justin sun has moved around $6 Million from Trufi Lending Poolings. He is looking to help the Wrapped Ethereum Community with Vitalik Buterin. Various analysts are expecting a weak upside trend in TRX for the future.
TRX crypto is currently ranked 15th in the crypto verse and has a market cap of over $5Billion. Tron has seen a decrease of over 10% in the their intraday volume. Their stable coin USDD has been deviating from the dollar peg. TRX crypto price is currently down by more than 80% from its all time high but can see a recovery in future.
Bulls Of TRX Price Are Ready For A Run
The weekly technical chart of Tron price suggests a consolidated trend in price. On the daily chart the asset price is trading near the value of $0.05 with a loss of 0.9%. The upside trend of Tron can see a halt near the value of $0.85. Meanwhile one can expect a bounceback near $0.025. The asset price is currently trading below its 50 and 100 Daily Moving Average. There can be a positive crossover in the DMA which can push the price to a new high.
RSI of the TRX is currently near 53 with a small positive slope. The overall sentiment of the RSI is bullish.
Conclusion
Justin Sun is looking to acquire the bankrupt crypto exchange FTX. Meanwhile TRX coin price is currently in a downside trend but can soon see an upside move in the future.
Technical Levels
Major Support:$0.03
Major Resistance:$0.085
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/12/11/tron-price-price-prediction-is-justin-sun-trx-looking-to-jump-to-0-1/