Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
SEC accuses TRON founder Sun that TRX price bears brunt. In a recent development, the United States Securities and Exchange Commission (SEC) filed new court documents against Justin Sun, founder of TRON blockchain, focusing on allegations surrounding TRON’s native token, TRX.
CRYPTO BREAKING NEWS
— InnovatekMobile (@Neome_com) April 20, 2024
SEC Vs Justin Sun Case Update: Regulator Provides Additional Information In Lawsuit Against Tron Founder. The United States Securities and Exchange Commission (SEC) has filed new court documents in its ongoing lawsuit against Justin Sun, the founder of…… pic.twitter.com/HKlJeo8juj
The SEC accuses Sun of orchestrating unregistered TRX offers, manipulative trading, and promoting TRX as a security. Allegedly, Sun conducted public TRX offers without adhering to regulations and directed manipulative wash trading to sustain TRX prices.
These allegations, if upheld, could spell trouble for TRON’s regulatory status and its market performance. This news has stirred concerns among investors, potentially leading to a bearish move for TRX prices.
Key TRON Levels To Watch – April 21
The MA Cross currently shows that the market is in a downward trend. TRXUSD has attempted to breach the $0.11030 support, implying the presence of bears in the market.
However, the Stochastic Oscillator indicates that a short-term pullback is probable as the market becomes oversold. From the 79% Fibonacci retracement level, the downward trend is likely to resume.
TRON Key Levels
Resistance Levels: $0.12430, $0.13400, $0.14520
Support Levels: $0.11030, $0.09560, $0.08460
TRX Metrics
Total Market Capitalization: $2.40T
TRON Market Capitalization: $9.71B
TRON Volume: $227M
Market Rank: #15
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
[xyz-ihs snippet="Markets"]Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
