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As the crypto market hints at a potential surge, focus shifts to Monero and Tron. According to ChangeNOW, a platform for exchanging cryptocurrency without registration, transaction volumes for XMR and TRX have grown. Used by savvy investors and whales worried about fund safety, this increase suggests investors have entered the accumulation stage. These coins may see growth in the future.
Monero Price Eyes Resistance at $174 as Bulls Seek to Regain Control
Monero (XMR) is currently trading between $155 and $168. After a slight drop of 5% over the past week, its price shows signs of stabilization. The nearest support level sits at $150, while resistance looms at $174. Over the past six months, Monero has gained over 12%, indicating a bullish trend in the longer term. With the current price near the 100-day moving average of $158, analysts suggest potential for upward movement. If Monero breaks through the $174 resistance, it could aim for the next level at $187, representing a potential increase of around 10%.
The current market conditions may present an opportune moment for those interested in Monero, which is available on ChangeNOW with no registration and no hidden fees.
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TRON (TRX) Gains Momentum as Bulls Eye Break Above $0.17 Resistance
TRON (TRX) is trading between $0.16 and $0.17, showing strong bullish momentum. In the past week, its price jumped over 12%, and it has risen more than 44% in six months. The nearest resistance level is at $0.17, followed by a second one at $0.18.
If TRX breaks through these levels, it could reach new highs. The Relative Strength Index is around 54, suggesting the cryptocurrency is not overbought. The 100-day Simple Moving Average is at $0.17, indicating continued support for upward movement. Technical indicators point to bulls influencing the market, and TRON’s price trend suggests potential for further growth.
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Conclusion
In summary, Monero and Tron each offer distinct advantages for investors and traders. Monero is known for its strong privacy features, appealing to those who prioritize anonymity. Tron focuses on decentralized applications and content sharing, making it attractive for developers and content creators.
For those interested in investing or trading these coins, ChangeNOW provides an excellent platform. It enables users to exchange, buy, or sell these cryptocurrencies without hidden fees or the need for registration. Security is enhanced since user funds are not stored on the platform. With support for over 900 cryptocurrencies, no limits on transaction amounts, and the option to purchase crypto using a bank card, ChangeNOW offers a convenient and secure way to participate in the crypto market.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
