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By CryptoChamp · Posted
TRON (TRX) is drawing attention as its price fluctuates between $0.16 and $0.17. Technical indicators point to the coin being oversold, suggesting a possible price reversal. With strong community support and recent strategic partnerships, the key question now is whether TRX can break through its resistance or face a pullback. If the coin manages to overcome this hurdle, Tron price could rise to $0.195. TRON Price Overview Current Price Range: TRX is currently trading between $0.16 and $0.17 as per Coinpedia Markets. Key Resistance Level: The immediate resistance is at $0.17. If TRX can surpass this, it could target $0.18, offering a potential 6% increase. Support Levels: In a downward scenario, $0.16 and $0.15 serve as the primary support levels, which could be tested if TRX fails to break through $0.17. Technical Indicators Signal Possible Reversal Relative Strength Index (RSI): The RSI is currently at 24.44, a clear signal that TRX is in the oversold zone. Stochastic Oscillator: Sitting at 4.69, the stochastic value also indicates oversold conditions, typically a signal that buying pressure may increase. SMA Analysis: The 10-day Simple Moving Average (SMA) is slightly below the 100-day SMA, indicating short-term bearishness, although the gap is narrow, leaving room for a potential reversal. Recent Partnership with Chainlink Boosts Optimism Collaboration Announcement: TRON has partnered with Chainlink to integrate the Tron Network into Chainlink’s data feed. Impact on TRON Ecosystem: This move is expected to enhance security and reliability for TRON, as Chainlink will serve as the official oracle for the Tron Foundation. Such a partnership could attract more developers and increase TRON’s value in the long run. Community Excitement: This development has generated significant optimism within the TRON community, as it positions TRX to be a reliable blockchain option for decentralized applications. Analysts’ Take: Potential for a Bullish Breakout Crypto Jack’s Perspective: Popular crypto analyst Crypto Jack, with over 350k followers on X (formerly Twitter), highlighted that TRX appears to be forming an ascending triangle pattern. Price Projection: According to him, if TRX breaks through the resistance at $0.17, it could push the price up to $0.195. Trading Alert: Jack has advised his followers to keep a close watch on TRX, as this bullish pattern could indicate a major price movement soon. Performance Highlights: A Strong Monthly Showing Green Days: TRON has recorded 17 green days over the past month, showing solid market interest and consistent performance. Longer-Term Gains: Over the last six months, TRX has surged 31%, and it remains up by 5% in the past month despite a recent 1.42% weekly dip. RSI Caution: The 14-day RSI on the 1D timeframe now sits at 67, suggesting that TRX could be approaching the overbought zone, though this level also indicates strong buyer momentum. Outlook and Price Prediction: Aiming for $0.20? Breaking Above $0.17: If TRX successfully breaks above the $0.17 resistance, a move toward $0.18 and potentially $0.20 could be in sight. Market Sentiment: Recent buying activity and the Chainlink partnership have boosted confidence, making a Tron price prediction of $0.20 plausible if market conditions remain favorable. Monitoring Resistance Levels: Traders should watch the $0.17 level closely, as clearing this point could signal a continued upward trend for TRX. -
By Cryptowarrior · Posted
XRP has underperformed in 2024, down nearly 15% year-to-date, while Bitcoin (BTC) and Ethereum (ETH) have risen. This is largely due to the ongoing legal battle with the SEC, which has made XRP less attractive to investors. Unlike BTC and ETH, XRP remains 85% below its all-time high of $3.50. However, 2025 could bring a shift in its fortunes if regulatory changes favor Ripple. Could Trump’s Re-election Boost XRP? XRP’s challenges could ease if Donald Trump is re-elected. Trump has hinted at replacing SEC Chairman Gary Gensler with a more crypto-friendly leader, like SEC Commissioner Mark Uyeda. If this happens, the Ripple vs. SEC case could end, paving the way for institutional investment, including a possible XRP ETF approval. This shift could trigger a price rally as investors rotate capital from overbought assets into XRP. XRP’s Technical Outlook: A Breakout in 2025? Looking at the charts, XRP is nearing a crucial technical breakout. For years, XRP has been stuck within a symmetrical triangle pattern, a consolidation range that has held since 2017. As 2025 approaches, XRP is reaching the apex of this triangle, suggesting that a breakout is imminent. As of writing this article XRP Was trading at $0.55 as per Coinpedia markets data. For a deeper look into XRP's price prediction and the factors influencing its movement, check out our detailed analysis. What could a breakout look like for XRP? Immediate Target: If XRP breaks above the triangle’s upper trendline, which is aligned with the 0.618 Fibonacci retracement level, the first target would be around $0.765. Bullish Scenario: A sustained move above this level could send XRP towards the 0.5 Fibonacci level, which sits just above $1. This would represent a potential 50% increase in price from current levels. Given favorable market conditions, including a more crypto-friendly regulatory environment under Trump, XRP could experience significant growth in 2025. For traders, this means that XRP might be one of the best crypto bets for the coming year. XRP’s Future Looks Promising, But Patience is Key XRP’s underperformance in 2024 is largely due to its ongoing legal struggles. However, a potential shift in SEC leadership and the resolution of the Ripple case could open the door for a major price rally. With a technical breakout in the cards and the possibility of institutional interest, XRP’s price could rise significantly in 2025, potentially reaching $1 or beyond. Keep an eye on the developments as they unfold, as XRP may soon become a much more attractive investment option. -
By CryptoChamp · Posted
Solana (SOL) has drawn significant attention in the crypto market with its impressive recent price growth. As Sol price continues its upward trend, there’s speculation about whether SOL price could push past its all-time high (ATH) of $260. Let’s take a closer look at the factors fueling Solana price and network expansion. Solana’s Current Price Movement Recent Price Surge: Solana is currently trading at $197.67 as per Coinpedia Markets, showing a 5.72% increase in the past 24 hours and a substantial 20.48% rise over the past week. Briefly Crossed $200: Recently, SOL surged past $200, reaching a 24-hour high of $201.19 before pulling back slightly. Consistent Gains: The recent rally has marked four consecutive bullish candles, resulting in a 26.39% price jump overall. Growing Total Value Locked (TVL) on Solana Network Steady TVL Growth: Solana’s total value locked (TVL) has reached $6.855 billion, drawing close to its 52-week high of $7.248 billion. Increased Interest in DeFi on Solana: With more funds locked into Solana’s DeFi projects, the demand for SOL is rising, which could further boost its price. Rising Revenue and Fees on Solana 24-Hour Fees and Revenue: Over the past 24 hours, the total fees collected on Solana’s network reached $3.67 million, with $1.83 million in revenue. Higher Network Activity: These numbers reflect growing user interest and activity, indicating a strengthening network and rising adoption. Solana Price Prediction: What Lies Ahead? Bullish Momentum Continues: The consistent price growth, strong DeFi metrics, and rising network activity suggest SOL could continue its upward trend. Potential for New Highs: Given the current momentum, Solana may soon challenge its recent highs and possibly set a new record as demand continues. In summary, the Solana network’s growth and rising demand are making SOL one of the most attractive assets in the crypto market. For investors, Solana’s recent performance and positive metrics make it a promising contender for continued gains.
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Question
Pike
Hi,
Is there any way to turn off the weekend data in MT4 like you can in PRT? The Sunday candle is giving me fake moving averages on the daily chart.
Regards.
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