CandleFocus Is Tron Price Rally Cooling Down? Key Fibonacci Levels to Watch
2024-12-05
Author: Content Editor
The crypto market experienced a recovery on Wednesday, with Bitcoin attempting to break through the $100k barrier. However, Tron saw a sharp correction of 23% to $0.33, following a surge of 96% to a new high of $0.45. Tron's daily revenue also hit a record of $21.66 million, indicating increased activity and adoption on the network. The total number of Tron addresses with a balance surpassed 120 million, showing the platform's expanding user base. Crypto investors believe the correction is a temporary pullback that could revive bullish momentum and stabilize prices for future growth. The coin price could find support at $0.31 and $0.27 according to Fibonacci retracement levels.
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