TRON’s Price Declines Despite Positive News
TRON’s founder, Justin Sun, recently reached out to PayPal suggesting that the payment gateway provider issue PYUSD on the TRON network. However, TRON’s price has declined nearly 1% in the last 24 hours, despite the positive sentiment this news should generate.
TRON Faces Sell Pressure
- TRON’s price has fallen 2.35% over the last week and is over 3% lower than its value 30 days ago.
- TRON is currently trading at $0.07631, but has received increased investor attention due to a boost in trading volume.
- TRON has recorded an 11.60% increase in 24-hour trading volume, which could potentially lead to a price boost in the near future.
Bullish Signs for TRON’s Recovery
- The bears’ grip on the TRON market is gradually loosening, as indicated by the histogram and the 200-day Moving Average.
- However, the MACD line remains below the signal line, reflecting the presence of bears.
- TRON’s price has dropped below the 50-day MA, and the RSI of 41 suggests the possibility of continuous selling movements.
- There is a support position at $0.07634, which could lead to a reversal and a brief uptrend for TRON.
Wall Street Memes Attracts Investor Attention
WSM, the Wall Street Memes ecosystem token, has raised $22.290 million through its successful token presale. With a strong community and the prospect of a listing on major crypto exchanges, experts anticipate significant potential gains for WSM.
Potential Gains and Solid Fundamentals
- WSM’s trajectory shows substantial potential for lucrative returns, with the recent surge in investment bringing the project closer to its $30 million hard cap.
- The identity of a significant crypto investor has added intrigue and solidified WSM as one of 2023’s most promising crypto ventures.
- Aspiring participants can join the Wall Street Memes Discord channel and engage in social media tasks to have a chance to claim a share of the $50,000 worth of $WSM tokens.
- The opportunity to acquire $WSM tokens remains appealing to smart investors, but they are encouraged to engage in the presale before Wall Street Memes makes its market debut.
Hot Take
Despite positive news, TRON’s price decline suggests that market sentiment may not be aligned with the potential benefits of the proposal to PayPal. On the other hand, Wall Street Memes has attracted significant investor attention and shows promise for future gains. The crypto market continues to be dynamic and unpredictable, so it’s important to stay informed and make smart investment decisions.
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