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Shakeel Baig
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Shakeel Baig
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📉 TRX Price Under Pressure After Historic 60% Fee Cut Tron founder Justin Sun has approved a major network upgrade, slashing transaction fees by 60%—from 210 to 100 sun. The move, effective August 29, aims to boost adoption by making on-chain activity cheaper, especially as TRX’s value has doubled since 2024, increasing real-dollar costs. While lower fees could strengthen Tron’s dominance in stablecoin transfers—handling $24B in USDT volume—investors face short-term risks. Reduced fees mean less income for stakers, potentially triggering unstaking and increased sell pressure. 🔴 Market reaction has been bearish: TRX dipped 4% to $0.33 Trading volume surged to $1.2B Shorts now dominate with $64M in positions vs. $15.9M in longs (3:1 ratio) 📉 Technicals signal caution: Death cross formed (5-day SMA below 8 & 13-day) RSI dropped to 58.95%, showing weakening momentum Price likely to consolidate between $0.33–$0.36 Some traders are shifting to high-risk plays like Maxi Doge pre
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NFP analysis: Price has broken the triangle pattern and is now retesting it. The candle needs to close above the trendline; otherwise, we may see a continuation of the downward movement. Only open a long position if the price can hold above the $0.068 level. #NewHighOfProfitableBTCWallets
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PUMP broke out of the triangle pattern and experienced a significant upward movement. After the breakout, the price surged by more than 21% and subsequently retested the support area on lower time frames. We may see a continuation of the upward trend towards the $0.004 level. You can add more in dips.
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📊 Bitwise Report – Bitcoin Treasuries Surge Bitwise reports that 28 new companies added 140,600 BTC to their treasuries in July & August — equal to an entire year’s supply. #BTCWhalesMoveToETH
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$XPL 🆕 LONG LEV 25-30X ENTRY: 0.7690 TP: 0.8010 0.8420 0.9000 SL: 0.7400#
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