BitTorrent Chain (BTT) and Tron (TRX) Volume Rises Significantly
- BTT price created a ‘w-shaped’ pattern after sliding to the immediate support levels.
- BitTorrent and Tron prices are expected to rise in the following days.
Many blockchains are sprouting in the crypto sector, and BitTorrent Chain just went online to join them. In a short time, BTT had a massive inflow, almost doubling the price. Despite a modest drop, the asset has managed to hold above critical levels. Thus, a significant surge in TRX and BTT prices is possible.
The asset is usually quiet, but it has received widespread attention since the BTT price showed a massive surge. For over two years, the crypto asset’s price was virtually three zeros. However, the asset’s enormous surge in early 2021 erased a few. Sadly, the surge was followed by a sharp drop below $0.01.
BTT price created a ‘w-shaped’ pattern after sliding to the immediate support levels. The daily wick is also put at the pattern’s neckline at $0.004205. On the hourly chart, the price has been climbing inside a parallel channel. The price might finally retake positions above $0.00500 if the channel consolidates well.
TRX Still Gaining Positive Momentum
Tron had a phenomenal start to 2018, hitting highs of roughly $0.35 within six months of trading. Sadly, the asset failed to sustain the upward trend and fell to $0.02. Until the 2021 Bull Run pushed the price to annual highs of $0.179. Although the TRX price has fallen below $0.05, it is still gaining positive momentum and is aiming high.
As of late, the asset has been trading in a tight range after breaking off of significant support at $0.08. The support levels rose slightly over $0.09, while the higher levels stayed unchanged. The price recently plummeted dramatically and then recovered similarly. A ‘w-shape’ pattern might appear after testing the neckline and piercing through shortly.
BitTorrent and Tron prices are expected to rise in the following days, adding to the optimistic trend. Both assets aim for a 30-40% increase this weekend or next week.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
