As the crypto market hints at a potential surge, attention is shifting to Monero and Tron. According to ChangeNOW, a registration-free cryptocurrency exchange, trading volumes for XMR and TRX have increased. Used by savvy investors and whales concerned about the safety of funds, this increase suggests that investors have entered the accumulation phase. These coins may see growth in the future.
Monero Price eyes resistance at $174 as bulls seek to regain control
Monero (XMR) is currently trading between $155 and $168. After a slight drop of 5% over the past week, its price shows signs of stabilization. The closest support level lies at $150, while resistance lies at $174. Over the past six months, Monero has gained over 12%, indicating a long-term bullish trend. With the current price near the 100-day moving average of $158, analysts suggest potential for an upward move. If Monero breaks through the $174 resistance, it could aim for the next level at $187, representing a potential increase of around 10%.
Current market conditions may present an opportune time for those interested in Monero, which is available on ChangeNOW with no registration or hidden fees.
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TRON (TRX) Gains Momentum as Bulls Eye Breaks $0.17 Resistance
TRON (TRX) is trading between $0.16 and $0.17, showing strong bullish momentum. Over the past week, its price has jumped more than 12% and is up more than 44% in six months. The closest resistance level is at $0.17, followed by a second at $0.18.
If TRX breaks above these levels, it could reach new highs. The Relative Strength Index is around 54, suggesting that the cryptocurrency is not overbought. The 100-day simple moving average is $0.17, indicating continued support for the upward move. Technical indicators indicate that bulls are influencing the market, and TRON’s price trend suggests further growth potential.
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Conclusion
In summary, Monero and Tron each offer distinct advantages to investors and traders. Monero is known for its powerful privacy features, appealing to those who value anonymity. Tron focuses on decentralized applications and content sharing, which makes it attractive to developers and content creators.
For those who want to invest or trade these coins, ChangeNOW provides an excellent platform. It allows users to trade, buy or sell these cryptocurrencies without hidden fees or the need for registration. Security is enhanced since user funds are not stored on the platform. With support for over 900 cryptocurrencies, no limits on transaction amounts, and the ability to purchase cryptocurrencies using a bank card, ChangeNOW provides a convenient and secure way to participate in cryptocurrency market.
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