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    Tron Price Prediction: TRON Community Raises Network Power Cap to 120B as Traders Flock to Olympic-Themed Meme Coin

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    Tron Price

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    TRON price is up 4% in the last 24 hours Trading at $0.1665 As of 03:37 AM ET, trading volume was up 41% to $1.1 billion.

    This comes after Justin Sun announced on X Channel that You see Community Proposal 92 has now gone into effect, raising the power limit to $120 billion. With the increased power limit, TRX participants will be able to make more transactions, reduce gas fees, and boost network activity.

    TRON Price Breaks Current Resistance

    Over the past week, TRON price has been on an upward trend, rising through an ascending channel pattern for the past four days as bulls struggled to overcome the $0.175 resistance, according to data from Gecko Terminal.

    TRX is now trading above the 50 and 200 simple moving averages (SMAs) on the 4-hour chart, confirming the current bullish stance.

    Additionally, the Relative Strength Index (RSI) is trading higher towards the overbought zone of 70, which is currently at 62, as buying pressure intensifies.

    The Moving Average Convergence Divergence (MACD) indicator is rising above the neutral zone, which is a sign that the asset is currently in an uptrend. Furthermore, the blue MACD line is trading above the orange signal line, forming a bullish crossover that could lead to an upside rally.

    Based on You see According to the price analysis on the 4-hour chart of the TRX/USD pair, leading indicators show that TRX may maintain its current upward march, as bulls target the $0.19 level.

    TRXUSD Chart Analysis Source: GeckoTerminal.com

    However, in a counter-trend scenario, if bears take control of the price at this level, TRX price may decline. Hence, the 50-day simple moving average at $0.15 may act as an immediate support zone.

    Meanwhile, investors are buying up the new Olympic-themed meme coin, Meme Games ($MGMES)which has already raised over $396,000 in pre-sales.

    According to Jacob Perry, a popular cryptocurrency analyst on YouTube, $MGMES has the potential to surge 10x after its launch.

    Meme Games Presales Reach Over $396K – Is It The Best Meme Coin To Buy Right Now?

    The Meme Games is an innovative project that combines the excitement of the Olympic Games with the fun world of meme coins. It offers cryptocurrency enthusiasts a competitive and entertaining pre-sale event where participants can earn significant token rewards.

    The concept revolves around popular meme characters competing for gold, embodying the excitement of the recent Olympic Games in 2024.

    Here, investors back a meme of their choice, which acts as an athlete competing in a blockchain-based version of the Olympic Games. If they win, their backers will receive a 25% reward.

    As a token holder, you can earn money passively through the project’s staking mechanism as well. All you have to do is: Buy and Deposit $MGMES To get an annualized return (APY) of 489%.

    You can buy $MGMES tokens right now for $0.00935 each. With the price skyrocketing in less than five days, you’ll want to buy soon to get the best deal.

    To join the pre-sale, Buy $MGMES from the official website Using ETH, BNB, USDT or bank card. Buy now to earn 25% bonus on your investment.

    Buy and bet $MGMES here for a 489% annual return before its price rises.

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