Tron (TRX) Eyes Breakout After Resilient Market Rebound
Unlike in 2018, when Tron (TRX) dropped 17% during a U.S. government shutdown, the current crypto landscape appears more stable. TRX, once not even in the top 10 cryptocurrencies, now holds a market cap exceeding $4.6 billion and is trading near $0.338.
With the total crypto market cap increasing by $66 billion in the past 24 hours, investor confidence appears to be improving. TRX is now testing resistance at $0.345, and a breakout above this level could pave the way for further gains. Even if bullish momentum cools, consolidation above this support level would reflect underlying market strength.
Aave (AAVE) Attracts Capital Despite Political Uncertainty
Aave (AAVE) suffered a 20% decline during the last U.S. shutdown, but this cycle may tell a different story. The Chaikin Money Flow (CMF) indicator shows rising capital inflows, hinting at strong investor demand despite ongoing macroeconomic concerns.
Currently trading below key resistance at $295, a breakout could drive AAVE toward the $300 mark. However, a failure to hold support at $277 may expose the token to a deeper pullback to $259, challenging the bullish case.
Chainlink (LINK) Maintains Uptrend Amid Bullish Momentum
Back in 2018, Chainlink (LINK) dropped 22% during similar conditions, yet the project has evolved significantly. Now boasting a market cap of $15 billion, LINK benefits from improved fundamentals and growing adoption.
The MACD indicator is signaling a possible bullish crossover. If confirmed, LINK could target $23.4 and potentially test resistance near $25.81. On the downside, a drop below $19.91 or $17.31 would weaken the technical outlook.
