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Cryptocurrency News Articles
Toncoin (TON), Litecoin (LTC), and TRON (TRX) See Increased Transaction Volumes on ChangeNOW Amid Market Dip
Dec 23, 2024 at 02:03 am
The cryptocurrency market is witnessing significant activity with some digital assets taking the spotlight. ChangeNOW, a platform for exchanging cryptocurrencies without registration, reports increased transaction volumes for TON, LTC, and TRX.
Some digital assets are stealing the show as the cryptocurrency market witnesses significant activity. ChangeNOW, a platform for exchanging cryptocurrencies without registration, has reported increased transaction volumes for TON, LTC, and TRX.
As large holders and savvy investors express concerns about the safety of their funds, they are turning to ChangeNOW. The rising number of transactions on the platform suggests that investors are accumulating these coins, hinting at their potential for future growth.
Toncoin (TON) is currently trading between $5.26 and $7.17, showing a bearish trend with a 1-week price decline of 21% and a 6-month drop of 31%. The Relative Strength Index is at 30, suggesting that TON is approaching oversold territory. The nearest support level is $4.13, and the nearest resistance is at $7.94. If the price rebounds from the support, it could target the resistance at $7.94, representing a potential increase of around 50%. With the Simple Moving Average over 10 days at $5.22, there may be signs of consolidation.
Toncoin’s current setup appears favorable for those considering a purchase, and it can be acquired on ChangeNOW with no registration and no hidden fees.
Is Litecoin Set for a Bullish Rebound After Recent Market Dip?
Litecoin (LTC) has seen its price range between $103 and $136 recently. Over the past week, its value dropped by over 20%, but it remains nearly 10% higher than a month ago and more than 27% up over the past six months. The Relative Strength Index (RSI) is around 30, suggesting the asset is close to being oversold. The nearest support level is at $85, while resistance is at $153. If the price moves upwards, it could potentially reach this resistance level, representing an increase of about 25% from current levels.
Litecoin can be exchanged on platforms like ChangeNOW without registration or hidden fees.
TRON (TRX) Shows Oversold Signals Amid Recent Price Drop
TRON is trading between $0.24 and $0.33, after a 20% decrease in the last week. The Relative Strength Index is at 27, and the Stochastic oscillator is around 24, both indicating oversold conditions. This suggests that bears have been influencing the market recently. The nearest support level is $0.19, while resistance is at $0.37. If the price breaks above this resistance, it could reach the next level at $0.45. Over the past six months, TRON’s price has nearly doubled, showing strong growth potential.
Given the current setup, market conditions seem favorable for TRON which is available for purchase on platforms like ChangeNOW, which offer no registration and no hidden fees.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- PropiChain (PCHAIN) Surges as XRP Price Falls After the Fed Cut Rates
- Dec 23, 2024 at 08:45 am
- The XRP price has been in free fall after the Federal Reserve cut rates on December 18. This has prompted many Ripple holders to invest in PropiChain (PCHAIN), believing the XRP price has reached its local top.