TRON Makes a New High in Transactions as a Result of a Drastic Increase in TRX Transfers

Azeez Mustapha

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The drastic increase in the number of TRX transfers has led to the attainment of a new high in transactions on the TRON network. While investing in the global crypto market seems challenging, especially due to the regulators’ intervention, TRX has been quite resilient.

The increase in TRX transfers has not just made TRON reach a new high in transactions but is also causing an impressive rally in the value of TRX. According to Justin Sun, the founder of TRON, he affirmed on Twitter that the increase also testifies to the quality and efficiency of the TRON network.

Key TRON Levels To Watch – June 2

TRON Makes a New High in Transactions as a Result of a Drastic Increase in TRX Transfers

TRXUSD remains in an upward trend as it keeps breaking major resistance levels. The uptrend began from the discount zone after the MACD (Moving Average Convergence Divergence) crossed the zero line to the upside.

Between the second week of March and the month of May 2023, the market was ranging at the $0.06550000 price level. According to the MA Cross, the market’s environment is bullish, and prices might continue expanding upward.

TRX Key Levels

Resistance Levels: $0.07960000, $0.08870000, $0.10780000
Support Levels: $0.07320000, $0.06550000, $0.05540000

Total Market Capitalization: $1.15T
TRON Market Capitalization: $6.93B
TRON Volume: $0.17B
Market Rank: #12

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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.

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