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Tron [TRX/USD] Technical Analysis: Cryptocurrency succumbs to the bear again as prices stagnate

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The cryptocurrency market’s sporadic movement has left a lot of users and investors confused as the price fluctuation continues to be controlled by the bear. Just recently, popular cryptocurrencies like Bitcoin [BTC], XRP and Tron [TRX] had enjoyed a bullish spike during which some coins also shifted ranks. Other than the market movement, Tron has also been in the news for its multiple news breaks that have decidedly left a positive impact on the community.

1-hour:

The sideways movement becomes clear when one checks Tron’s one-hour graph. The latest downtrend resulted in the price dropping from $0.0263 to $0.025. The support has been holding at $0.0245 while the resistance is at $0.0277.

The Relative Strength Index is closer to the oversold zone than it was earlier due to the continued downtrends and the change in investor sentiments. The hold near the bottom of the graph signifies the increase in selling pressure over the buying pressure.

The Awesome Oscillator has slightly increased on the graph after a lull in between. The rise in amplitude of the graph is a sign of the market momentum spiking.

1-day:

Tron’s one-day graph puts a positive spin on things as there is a clear uptrend. The uptrend lifted the price from $0.0132 to $0.0249 while the support is still at $0.018.

The Parabolic SAR is a mix of both bearish and bullish signals. Currently, the markers are above the candles, which is a bearish sign.

The Chaikin Money Flow indicator has fallen below the zero-line as the sideways movement has affected the capital influx. The hold below the zero-line shows that the capital leaving the market is more than the capital coming into the market.

Conclusion:

All the above-mentioned indicators show that the bull party is over and that the bear has taken over again. Although Tron enjoyed a good start to the year, the bear has caught up with Justin Sun’s cryptocurrency as the trend change form bearish to bullish has been very difficult

Source. ambcrypto

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Tron (TRX) Posts New Block Height Best with Justin Sun Advocating for Mainstream Adoption

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Justin Sun, the CEO of Tron (TRX), has been a very powerful force in the crypto marketlately. He has been leading a movement to push crypto forward and to reach mainstream adoption. In order to make this happen, he is making several upgrades on the Tron network that will lead the company into becoming a better product and to have partnerships with several other companies.

In fact, the Tron Foundation is set to help the world to finally reach the so-called Web 4.0, which is said to be the future of the internet. The company has two strong competitors, though, EOS and Ethereum (ETH), which are all competing for the place as the main king of the decentralized platforms together with Bitcoin (which is more focused on crypto transactions).

Now, Justin Sun has used social media in order to tell the community that Tron has reached a new block height and that the company has exceeded 8.6 million blocks. The number was reached using TronScan, a tool that helps users to determine the block height on the Tron network.

Sun affirmed that Tron is keeping up with its efforts to create a more decentralized internet. According to him, Tron is an important road to reach major mainstream adoption, which will be important both for the token and for the world as well, as it needs companies which are focused on using the blockchain to solve problems.

Tron has just recently jumped from the block height 8 million to 8,614,366 now. In only 20 days, the token was able to mine over 600 thousand blocks. This means that the network is increasing its size very quickly and that Tron is finally seeing some well-deserved adoption around the world. At the moment, the network also has 2.6 million accounts and 1193 online nodes.

Not everybody was so impressed with Tron, though. Some crypto enthusiasts on social media complained that the internet is effectively a single network and that it simply cannot be decentralized because of that, so he said that Tron should strive for a more decentralized notion that the Web 4.0.

In any case, what is clear to us is that Tron is faring very well this year and that the company has plenty of chances of consolidating its presence in the future.

Source:bitcoinexchangeguide

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Tron Announces Historical Partnership with Liverpool Football Club, Community Becomes Intrigued

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On Tuesday, April 23, the founder of the Tron Foundation wrote on Twitter that Tron has received an official invitation from Liverpool Football Club (LFC) regarding an official partnership.

Justin Sun has again made the community feel intrigued.

Is Tron entering the global sports industry?

To his announcement on Twitter, Justin Sun has attached a promo video by LFC where the logos of the two future partners are shown together.

This could mean anything, but Justin Sun has refused to provide any details so far, promising to do that later on.

As per Sun, the invitation to make a partnership was initiated by the football club, not Tron. Still, he sounds enthusiastic and, judging by the comment thread, seems to make the Tron community feel the same.

Many are left bewildered by what is going to happen between these two giants of such different global industries.

Is Tron entering the global sports industry?

A prominent Tron supporter, Misha Lederman, has assumed that the multi hundred million audience of LFC could be a great addition to the current user base of BitTorrent and Tron.

Is Tron entering the global sports industry?

Tron community tries to find out the nuances

Justin Sun got snowed under with questions, the main theme of which was ‘is that really true?!’

Many expressed their doubts, though, or started to make proposals of partnering with Tron as well.

Crypto and the global football industry

Last time the global community of crypto enthusiasts had an excuse to get connected with football was the global championship that took place in Russia last year.

Back then, many hotels and hostels in Moscow, St. Petersburg and other major cities accepted Bitcoin and other cryptocurrencies for room booking and other services. Crypto was accepted in numerous pubs and even taxi drivers took it from foreign customers.

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Tron announce partnership with English football club Liverpool

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Tron founder Justin Sun has tweeted a somewhat cryptic partnership announcement with English Premier League Football Club, Liverpool.

The tweet from Sun features a video that includes the opening of an invitation with a video from Liverpool. In the video, Liverpool manager Jurgen Klopp can be heard speaking, stating “This means more, this means more because you are associating yourself with a philosophy, a philosophy that says more about you than being apart of any other football club in the world”

Sun states in the tweet “Thank you for the unique and innovative invitation, Liverpool! I am impressed and I’m looking forward to exploring this #TRON new partnership together!”

The partnership does not explain how both partie will be partnering up as of yet, but we can definitely expect more news from the Tron founder in the upcoming days.

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