Tron (TRX): Analyst Predicts Short-Term Dip Despite Long-Term Strength
A cryptocurrency analyst is growing optimistic about Tron (TRX) after its value surged by over 20% in the past month.
Crypto expert Altcoin Sherpa shared in a recent YouTube update that TRX has shown strong performance compared to many other altcoins in recent years.
Sherpa notes that TRX’s price has approached its all-time highs from March 2021, which is a rare achievement among cryptocurrencies.
However, despite this strong performance, he currently finds Tron’s chart less promising and expects a potential decline in the short term.
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Here’s How Cardano’s Hard Fork Affects Governance and StakingSherpa suggests that while TRX remains a strong altcoin overall, it may face a pullback. He advises watching for possible entry points around $0.143 to $0.142 but warns that buying now could be risky.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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