Tron: Why TRX traders must identify these signs of a possible reversal

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. While the crypto fear and greed index was hitting its record low, the market still exhibited an ‘extreme fear' sentiment.

Timeline of Tron

Tron's USDD stablecoin hasn't managed to recover its dollar peg after a week of trading below the dollar level and still has to reclaim parity with the greenback as we can see further in our latest Tron news. Tron's USDD stablecoin traded under a dollar for a week now, after slipping below the dollar peg

Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the

Tron (TRX) has been decreasing since the end of May, having fallen by 35% so far. It is possible that the decrease is occurring as a result of the de-pegging of USDD The post Tron (TRX) Falls by More Than 35% After USDD De-Peg appeared first on BeInCrypto.

Tron [TRX] has made its way into the market's top-15 cryptos, with TRX ranked 13th on the charts. The altcoin managed to ward off market bears on 18 and 19 June, rallying by as much as 32% since its recent low on 15 June.

Last week's crypto crash took a significant toll on Tron's (TRX) price and plunged it to a low of $0.047. This downfall registered a 45.5% loss in just two weeks but failed to sustain below $0.057 support.

USDD not de-pegged TronDAO provided a quick Q&A on the status of USDD reserves and planned activities to keep its liquidity ecosystem healthy. TronDAO executives stated on their official Twitter account that the ongoing reduction in USDD's worth below $0.97 must not be taken as a de-pegg.

We're entering the fifth day of the Ton's DAO crisis. While Justin Sun and his team have been trying to peg back USDD to $1, TRX itself has dropped by double digits during the course of the week despite some bullishness recently.

Tronix TRX/USD has weakened from $0.092  to $0.046 since June 01, 2022, and the current price stands at $0.060. The cryptocurrency market continues to be under pressure, Bitcoin is trading close to the strong support that stands at $20000, and according to American investor Jeffrey Gundlach, we can see new lows for the cryptocurrency market. The post Is Tronix (TRX) a good buy in June 2022? appeared first on Invezz.

TRON DAO has increased its stablecoin reserves to safeguard the blockchain as the USDD continued to trade below its peg.  The reserve increased its supply of USDC tokens by 300 million on the blockchain.

The TRON DAO Reserve has withdrawn another three billion TRX to protect the peg of its USDD stablecoin. It withdrew $2 billion a few days ago, which highlights the stress the market is having on stablecoins.