Tron Price Estimation: TRX Gearing Up for a Significant Surge?

Updated: 04 October 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Tron (TRX) price is up 1.5% in the last 24 hours and traded at $0.089180 as of 6:41am EST and it’s held onto gains above $0.0830 since August 19, sparking buyers’ interest.

TRX’s trading volume for the day showed a 19.5% gain, reaching $363 million, and its price has risen 4.3% over the past week.

Can Tron TRX Break Above The Ascending Triangle?

Tron TRX Price Estimation — TRXUSDT Price Chart. Source: Tradingview.com

TRX has shown upward momentum since August 19, reaching $0.091. However, at the time of writing, Tron TRX is showing intensified bearish pressure, as shown by the red candlestick. This is despite the overall upward trend.

This upward trend receives additional support from the 50-day and 200-day simple moving averages, which are currently trading below the price at $0.072 and $0.081, respectively. Furthermore, the 50-day SMA acts as an immediate support for the Tron TRX price.

Nevertheless, the Relative Strength Index (RSI) has displayed a downward movement, transitioning from above the overbought zone of 70 and crossing below, showing intense selling pressure during this period. At the time of writing, the RSI trades at 68.

Tron TRX Price Estimation

Tron TRX price maintains a bullish bias, evident by the ascending triangle and support from the 50-day and 20-day simple moving averages. Considering this, bulls may drive the price above the triangle, targeting the $0.1 mark.

However, if selling pressure persists, as shown on the chart and by the Relative Strength Index, bears could gain strength. They could push the price down to the $0.084 support zone. Further downward movement could lead to $0.079.

Meanwhile, BTCMTX offers an enticing opportunity through its low-priced presale stage and stake-to-mine feature.

Bitcoin Minetrix Presale Offers an Exciting Investment Opportunity

BTCMTX is currently in presale and has secured an impressive $426,128 in funding. There’s strong investor interest in the platform’s offerings.

#BitcoinMinetrix has yet again reached an important milestone!🪙

Raising over $400,000. pic.twitter.com/by85uMTqKE

— Bitcoinminetrix (@bitcoinminetrix) October 4, 2023

With ten presale stages, you can now purchase BTCMTX tokens at a discounted price of just $0.011. This price will go up as the presale progresses, so now is the time to get involved. The token price will increase by 10% with each successive presale stage.

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The BTCMTX team has established a soft cap exceeding $15 million and a hard cap of $32 million.

The project boasts a maximum coin supply of 4 billion tokens, with 70% of these tokens (equivalent to 2.8 billion) available for presale investors.

Stake to Mine Program with High APY

Bitcoin Minetrix has introduced an innovative approach known as Stake-to-Mine, which combines cloud mining and token staking.

The stake-to-mine concept is an innovative notion, rekindling hope for everyday #Crypto enthusiasts to engage in #Bitcoin mining. 🪙#BitcoinMinetrix users simply require an Ethereum-compatible wallet like #MetaMask, keeping things straightforward. pic.twitter.com/zqRFP4I5uD

— Bitcoinminetrix (@bitcoinminetrix) October 3, 2023

Bitcoin Minetrix places a strong emphasis on security and transparency by tokenizing cloud mining, eliminating the risks associated with third-party cloud mining schemes, and giving control to token holders.

The staking pool has already garnered significant adoption, with over 5 million BTCMTX tokens staked within it. The platform has also received praise from industry experts, who see it as a reliable and secure way to invest in Bitcoin mining.

Cinix Crypto, a YouTuber with a subscriber base exceeding 33k, passionately endorses BTCMTX as one of the finest ways to earn BTC passively, further igniting excitement for this project.

Bitcoin Minetrix is committed to providing users with a user-friendly and secure platform.

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At present, the project generates 158.5 tokens for every Ethereum (ETH) block, resulting in an impressive annual percentage yield (APY) of 1611% with 25,867,946 tokens already staked.

It’s crucial to recognize that as more investors stake their tokens, the APY will gradually decrease. This underscores the significance of early investment in taking full advantage of this high APY percentage.

Become part of the presale and stake to mine by obtaining Bitcoin Minetrix BTCMTX tokens, which are accessible with a minimum investment of just $10.

Connect your web3 wallet to the BTCMTX wallet and use Ethereum (ETH), Binance Coin (BNB), USDT (Tether), or bank cards as your payment. Don’t let this exceptional opportunity pass you, buy now.

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