\nDespite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
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TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
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![\"TRON](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/12\/TRXUSD_2022-12-20_17-56-46-1160x545.png\")
<\/a>TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
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