Tron Corrects Following Parabolic Bullish Session

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Tron (TRX) has recorded a decent rally in the last few days, bouncing back by 15% from a dip last week, which earned it a spot as one of the best performers.

However, the cryptocurrency lost its bullish momentum over the weekend, with the price bottoming at $0.0682 earlier today. Price sentiment changed again after a few hours, with TRX peaking at $0.0700, highlighting an ongoing fight between bull and bears for dominance. At press time, the cryptocurrency trades around $0.0690.

The recent bullish momentum in TRX was partly sponsored by a rebound in Bitcoin after the benchmark cryptocurrency tapped the $24,000 mark, dragging the entire market along. Regardless, Tron still needs to attract more buyers to push the price into full recovery mode.

Meanwhile, Tron has also recorded notable blockchain performance. According to a report from TRONSCAN published today, the network’s transfer value has exceeded the $5 trillion threshold. Not only that, TRX has added 105 million new accounts and recorded over 3.6 billion transactions on its blockchain.

The report further noted that these metrics make TRX “the 2nd largest public chain by stablecoin market cap & Top3 largest public chain by TVL.”

Key Tron Levels to Watch — August 1

Tron appears to be on a corrective move after its parabolic bull session last week. The cryptocurrency currently sits near the $0.0680 mark, as bulls and bears battle it out.

TRXUSD – 4-Hour Chart on Binance. Source: TradingView.

That said, with the prevailing market sentiment, we could see some bullish resumption in the coming hours and days. A breach of the $0.0720 top should trigger some fiery bullish recovery for TRX in August. On the flip side, the $0.0680 mark currently acts as the floor against any extended bearish moves.

Meanwhile, my resistance levels are $0.0700, $0.0720, and $0.0740, and my support levels are $0.0680, $0.0650, and $0.0620.

Total Market Capitalization: $1.06 trillion

Tron Market Capitalization: $6.52 billion

Tron Dominance: 0.61%

Market Rank: #16


You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *