$TRX
๐ TRX Market Snapshot โ May 18, 2025
Current Price: ~$0.2713
24h Range: $0.2674 โ $0.2732
24h Volume: ~$1.02 billion
Market Cap: ~$25.74 billion
Circulating Supply: ~94.9 billion TRX
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๐ Technical Outlook
Bullish Signals:
TRX has rebounded from the $0.2670 support, forming higher lows.
A bullish breakout opportunity is identified with an entry price of $0.2715, targeting up to $0.2760, with a stop loss at $0.2680 .
The price is consolidating just below the $0.2650โ$0.2660 resistance zone, indicating a potential breakout .
Bearish Signals:
TRX is facing rejection near the $0.2705 resistance level, with a potential bearish reversal looming .
A short trade signal suggests a bearish breakdown below the $0.2715โ$0.2725 support zone, targeting $0.2661, with a stop loss at $0.2779 .
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๐ฎ Market Sentiment
Fear & Greed Index: 73 (Greed)
Recent Performance: TRX has experienced 16 green days out of the last 30 (53%) with a 2.85% price volatility.
Short-Term Forecast: Despite a potential short-term dip to $0.1819 by June 13, 2025, market sentiment remains bullish .
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๐ง Key Takeaways
TRX is at a critical juncture, with potential for both bullish breakout and bearish reversal.
Traders should monitor key support and resistance levels, and consider risk management strategies.
The overall market sentiment is bullish, but short-term fluctuations are expected. #LaunchpadWars