Why is Tron’s price still under pressure despite the network’s DAU highs? – Tron News Today – Crypto News Today – TRX / USD Live Price

According to reports for today’s Tron News, the platform has registered new dApp DAU highs. Of course, many people in the crypto space will expect this recent development with Tron to affect the price of Tron. But did that really happen? Should we expect the Tron USD live price to increase due to this development? Well, at press time, the price for Tron is still under pressure, despite Tron news today saying the network has hit new DAU highs.

For today’s Tron Price Prediction, the price of Tron is down 3.5% in the last 24 hours and down 4.3% in the last week. However, experts and other stakeholders remain optimistic about Tron’s price. One of these people is Misha Lederman, who acts as Trons advisor to the dApp Evolution Ecosystem. Lederman is optimistic, although Tron’s price is still under pressure. He believes that after the last milestone reached by the network, TRX will begin an upward move.

TRON (TRX) Price Today – TRX / USD

Tron Price Prediction: Why Lederman Is Optimistic About Tron Price

Tron’s value proposition lies in the network’s TVM. This protocol was only started three quarters ago and is compatible with that of Ethereum. Perhaps another fascinating thing on the network is Tron’s irresistible offers. Because of the above incentives (including Tron Arcade), some projects moved their warehouses and migrated from Ethereum to Tron to settle for better speed and scalability.

When you add this to Tron’s acquisition and tokenization of BitTorrent, you’ll find that it’s not difficult to say why Lederman is optimistic about the price of Tron. In Lederman’s latest tweet, he quoted that Tron’s superior dApp as well as the daily number of active users are proof of the network’s superiority over competitors. He added that the platform’s potential is only just beginning to show.

Tron Price Prediction: Tron Price is under pressure after falling 3.5% in the past 24 hours and 4.3% in the past week

Tron’s price is under pressure, falling 3.5% and 4.3% respectively over the past 24 hours and weeks. All in all, the technical candlestick arrangements continue to support the bulls.

From the last TRX / USD trading plan, the asset was forecast to perform in a bullish pattern. Currently, TRX prices are hovering around $ 2.5, which can be neutral but bullish.

After a sharp move above April 30th highs that will confirm the bullish reversal of the double bullion from April 25th to 26th, traders can recharge tight stops at April 30th lows and $ 3.1. However, to continue the trend, Tron’s price will have to close above $ 3.1 if buyers flow back.

Tron Price Prediction: The price of Tron is unchanged at $ 2.5

As mentioned above, Tron’s price is unchanged at $ 2.5. Although buyers remain in control of the market as long as prices stay above $ 2.1 or within the Jan 14th lows. Along with the next wave towards USD 3.1, high volumes are bound to begin to exceed USD 13 million, which was hit on April 25 according to the latest TRX / USD pair trading plan. Losses under $ 2.1 must be high in volume.

Brian Lubin is a Crypto News Reporter for Smartereum. He is known for his reports on the crypto markets.