Monero (XMR) and Tron (TRX) Facing a Bullish Breakout – October-November Price Predictions Revealed

Monero (XMR) and Tron (TRX) may be poised for significant growth in the near future.

Data from ChangeNow, a platform that allows cryptocurrency exchanges without registration, shows increased transaction volumes for these coins. This trend suggests that investors are accumulating XMR and TRX, potentially leading to price increases. Savvy investors and large holders concerned about fund safety are utilizing ChangeNow, indicating growing confidence in these cryptocurrencies.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Monero Gains Momentum as Bullish Signals Emerge Above Support Levels

Monero’s price has risen over the past week, climbing over six percent to reach between $143 and $154. The cryptocurrency is finding support around $138, while facing resistance near $160. Technical indicators like the Relative Strength Index above 60 suggest positive momentum. With the price below both the 10-day and 100-day simple moving averages, there may be room for growth toward the next resistance levels at $160 and $171. If momentum continues, Monero could potentially revisit these higher levels, following a significant gain of over 35 percent in the past six months. The current market conditions indicate a positive outlook for Monero’s price movement.

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TRON Nears Support Levels, Signals Potential for Bullish Rebound

TRON (TRX) is currently trading between $0.156 and $0.166, close to its support level at roughly $0.15. The Relative Strength Index sits near 31, suggesting the market might be oversold. This could open the door for buyers to step in. If TRON gains momentum, it may test the nearest resistance around $0.17, which would be about a 6% rise from current levels. A move beyond that could see prices approaching the next resistance near $0.18, potentially offering an increase of nearly 13%. With these indicators, now might be a good time to consider purchasing TRON. You can buy TRON on ChangeNOW without registration and no hidden fees.

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Conclusion

Monero (XMR) and Tron (TRX) present unique opportunities for investors and traders. Monero offers strong privacy features, appealing to those who value anonymity in transactions. Tron provides a platform for decentralized applications, attracting developers and users interested in blockchain solutions. For those considering investing in these coins, ChangeNOW is an excellent platform for transactions. It enables users to exchange, buy, or sell these coins without hidden fees or the need for registration. Security is enhanced as it does not store user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW makes engaging with the crypto market straightforward and accessible.

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.