TRON’s TRX Maintains Strength as BTT and JST Gain Ground

• TRON outperforms the market with an 8.50% weekly gain, defying bearish trends.
• TRX surpasses Shiba Inu in market cap, now the 11th largest cryptocurrency.
• BitTorrent’s BTT rebounds with a 2.35% daily rise, eyeing resistance at $0.0000009346.

TRON (TRX) has defied the bearish trends plaguing the broader cryptocurrency market, remaining resilient while others falter. This persistence is notable, especially considering the significant Bitcoin sell-off that has impacted the wider market. Over the past week, TRX has emerged as a standout, gaining nearly 8.50%, demonstrating its potential for continued strength.

TRX Performance Amid Market Downturn

TRX was priced at $0.1235 at press time, reflecting a 5% increase over the past week and a 2.24% rise in the last 24 hours. This bullish trend has positively influenced the intraday market cap, now at $10.769 million, marking a 2.23% increase. 

TRX/USD 1-Day Chart (Source: Coinmarketcap)

This surge has allowed TRX to surpass Shiba Inu (SHIB) in market capitalization, positioning it as the 11th largest cryptocurrency by total value. However, TRX’s trading volume tells a different story. 

In the past 24 hours, trading volume has decreased by 22.79%, falling to $252.511 million. This decline contrasts with the rising price and market cap, suggesting a cautious approach among traders.

BitTorrent’s BTT Token Market Movement

BitTorrent’s BTT token has experienced a bearish trend throughout the month following its peak of $0.0000012074 on June 5. The token’s price has since dropped by over 26%. However, upon reaching a support level of around $0.0000008261, BTT has rebounded, mirroring the bullish sentiment seen with TRX, its parent company’s token.

BTT/USD 1-Day Chart (Source: Coinmarketcap)

As of press time, BTT is trading at $0.0000008784, a 2.35% increase from the previous day and a 1.19% rise over the past week. This positions BTT in the 82nd rank by market capitalization, which has also increased by 2.34% to $850,477,854. 

Should the bullish momentum persist, BTT is expected to test its immediate resistance level at $0.0000009346, last observed on June 24. 

BTT/USD 4-Hour Chart (Source: Tradingview)

A breakthrough at this level could signal a robust bullish sentiment, potentially driving the price to $0.0000010282. Achieving this resistance level could mark a significant 37.91% increase from its current price, bringing it closer to its June high.

JUST’s JST Token Shows Bullish Mood

Similarly, JUST’s JST token shows solid bullish momentum, trading at $0.02894 with a notable 4.62% increase over the past 24 hours. Positioned at 181st in market rank, its market cap has also surged by 4.62% to reach $286.511 million.

JST/USD 1-Day Chart (Source: Coinmarketcap)

In tandem, TradingView data shows JST is nearing a critical resistance level at $0.0300. If it breaks through this threshold, a surge towards June’s peak of $0.03106 is on the horizon, indicating a potential 7.46% gain from its current position.

JST/USD 4-Hour Chart (Source: Tradingview)
However, the market scenario remains poised on a knife’s edge. If bearish sentiment takes hold, JST token holders may initially seek to find support around $0.02836. A breach below this level could expose more resounding support around $0.02668, last tested on June 18th.

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