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
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.
This increase isn’t just a measure of quantity, but also a testament to the quality and efficiency of our network. The growth in transactions is expected to bolster protocol revenue, proving that #TRON‘s fundamentals remain strong even in a challenging market.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) June 1, 2023
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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