Author
FXStreet Team
FXStreet
Tron (TRX) price extends its gains, trading above $0.30 at the time of writing on Friday after retesting the previously broken bullish breakout structure earlier this week. The positive on-chain and derivatives data back the bullish price action.
Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are dragging on Friday amid the broader decline, risking further downside. The technical outlook for the meme coins remains bearish after a losing week.
Bitcoin, Ethereum and Ripple show mixed signals at the time of writing on Friday as the broader crypto market attempts to stabilize after this week’s sell-off. BTC extends its recovery after finding support around a key level.
LayerZero (ZRO), Axie Infinity (AXS), and Sandbox (SAND) extend gains on Friday, outrunning the broader cryptocurrency market over the last 24 hours. The renewed demand for gaming tokens and the sustained recovery in ZRO signal an upside bias.
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Bitcoin (BTC) price holds above $95,500 at the time of writing on Friday after rallying more than so far 5% this week. The rising institutional and corporate demand supports the bullish price action in BTC.