Investors of all cryptocurrencies are waiting for a breakthrough from present colossal dip that wrecked their wealth. Although many have lost hope in cryptocurrency especially Bitcoin that failed to lead the recovery race and crypto newbies have opted for the withdrawal of their fund. Nevertheless, investors of “the two giant coins” – Tron (TRX) and Electroneum (ETN) are still very optimistic on the bullish race of the altcoins, with the expectation that they will lead the reclamation of the market soon.
So far, the two coins have been eminent currencies in the crypto space, setting out outstanding and top class use cases that makes them irresistible for many users. Truly the market is in dip, but the likes of Tron (TRX) and Electroneum (ETN) have been displaying gestures that they will lead the aspired reclamation especially with something to show off in the market.
In the market today, while many coins including the market trailblazer, Bitcoin, are yet to find a perfect ground, the two coins continues to flag the green color signaling value addition.
Tron (TRX) Price Today: TRX/USD Trend Line Tests,
Escapes $0.0134 Resistance Level
Since yesterday , Tron (TRX) has been on the upside trend, staying away from the support level, and at the same time sighting an escape route away from the resistance mark.
In the last 24 hours, Tron has twice tested the $0.0134 resistance level for a breakout. The trend line of TRX/USD trade pair is still facing the north and the altcoin is still on the upside trend.
Even though TRX/USD is down by 17% in the weekly market, the trade pair, as at press time maintains an added value of 2.29% with $0.013474 price against dollars according to Coinmarketcap.
TRX/USD Price Forecast
Apart from testing the resistance level twice today, TRX/USD has shifted its supported level from $0.0131 to $0.0133 within few hours, and it is aiming for the pinnacle relentlessly. Also, the altcoin looks to trend line up with 78.1% Fibonacci retracement level or $0.0131.
This is why many envisioned that TRX/USD will soon surpass its present price, and inevitable aim for $0.015 before the end of the day.
Electroneum (ETN) Price analysis: ETN/USD Trending High
Electroneum price is forming a solid support around $0.00670 with an upside breakthrough against the US Dollar. ETN/USD is preparing for a major bullish run that will convey it beyond the $0.00655 and $0.00671 resistance level with aim for $0.0090 price.
Electroneum is preparing for a bullish bounce back that will skyrocket the price of the altcoin.
If the bullish bounce back takes place, it is likely the price of the altcoin move up to a certain point that will level up with the September end value or its former support level around $0.021.
Electroneum (ETN), according to Coinmarketcap, is up by 7.5% in the last 24 hours.
Undoubtedly, Tron (TRX) and Electroneum (ETN) are both prepared for a crucial bounce back that will lead its breakthrough in the market and investors/buyer will surely be elated about the growth.