TRX Shifts to Buying Zone as SEC Acknowledges Staked Tron ETF Filing

In a turn of events that could only be described as mildly surprising, the US Securities and Exchange Commission (SEC) has decided to acknowledge the 19b-4 filing by the Cboe BZX Exchange for a staked Tron (TRX) ETF, proposed by the ever-optimistic Canary Capital. Yes, you heard that right! The SEC is actually paying attention to something other than its own paperwork! 🎉

This momentous occasion marks yet another step in the grand adventure of bringing altcoin-based ETFs to the US, as the SEC continues to evaluate a plethora of crypto-related products, presumably while sipping on a cup of coffee and pondering the meaning of life.

Canary Capital, in a fit of enthusiasm, submitted its registration back in April, with Bitgo as the custodian. This is in addition to its existing ETF proposals for other altcoins like Hedera, Sui, and Litecoin, because why not throw a party for all the altcoins? 🎈

Currently, TRX is trading at a thrilling $0.274, with absolutely no loss or gains in the past 24 hours. The tenth-largest cryptocurrency is valiantly attempting to break out of the horizontal channel of $0.20-$0.25, a range it has been stuck in since late 2024, which is about as exciting as watching paint dry. 🥱

However, the Buy/Sell Pressure Delta, a momentum indicator based on 90-day volume (because who doesn’t love a good indicator?), has recently signaled that TRX has shifted back into a buying zone. This indicates renewed investor interest and growing bullish sentiment, or at least a collective sigh of relief from those holding TRX. 😅

Popular trader Crypto NL, who seems to have a crystal ball, predicted on X that if TRX continues its anticipated bullish setup, it could reach $0.60 in the upcoming bull run. Fingers crossed, folks! 🤞

$TRX Prediction. TRX has one of the best-performing charts in the crypto space. The chart looks incredibly strong; the upside isn’t always explosive, but the downside is also limited. In the 2021 bull run, TRX gained over 300% when it broke his previous ATH. During the November…

— Crypto NL (@cryptoking_nl) May 20, 2025

Another analyst, Javon Marks, echoed similar bullish sentiment, stating that the cryptocurrency could cross the $1.11 price target soon. If this happens, traders could see a +400% rally from the current price levels, which sounds like a delightful rollercoaster ride! 🎢

$TRX (TRON) could still be on track to pushing and reaching the $1.11+ target level in another +400% run!

— JAVON⚡️MARKS (@JavonTM1) May 20, 2025

TRX Price Outlook

On the daily TRX price chart, the RSI is currently sitting around 66, indicating moderate bullish momentum. This suggests room for further upside before a potential reversal, or as I like to call it, the “please don’t crash” zone.

TRX price chart with MACD | Source: TradingView

Bollinger Bands are beginning to widen, potentially signaling the early stages of a breakout. Price is currently approaching the upper band, which generally indicates strong upward momentum. Support can be found at the mid band (20-day SMA) around $0.26, which is a fancy way of saying, “don’t panic just yet.”

Meanwhile, the MACD has crossed above the signal line with a rising histogram, another bullish sign pointing to building momentum. The nearest resistance lies at $0.30, and a breakout above that could lead to a sharp move upward, or at least a collective gasp from traders everywhere. 😮

TRX price chart with MACD | Source: TradingView

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🔥 Mind of Pepe (MIND) Presale Buzz

While NXPC garners attention on Binance, Mind of Pepe (MIND), an emerging project, is quickly making a name for itself in the presale market. Yes, another meme coin! Because we can never have too many of those, right? 🙄

This project aims to provide genuine utility within the meme coin space. Unlike typical meme-focused cryptocurrencies, Mind of Pepe is an AI Agent designed to evolve and offer holders exclusive access to reliable market insights and analysis. Because who wouldn’t want a meme coin with a brain? 🧠

MIND Token and Presale

The project’s foundation is its native ERC-20 token, MIND. Owning MIND tokens grants access to the project’s dashboard, which delivers real-time insights and allows for interactive engagement with the AI agent. It’s like having a personal assistant, but for your crypto portfolio!

Token holders will also receive early access to AI-driven token launches and, eventually, participate in governance to shape the project’s future. Because nothing says “democracy” like a bunch of crypto enthusiasts voting on memes!

MIND staking is currently active for long-term investors, offering an impressive 256% APY. The community has already committed billions of MIND tokens, with over $10 million already raised so far. That’s a lot of zeros! 💰

Presale Snapshot

• Token price: $0.0037515
• Funds raised: $10 million
• Payment options: ETH, BNB, USDT
• Ticker: MIND
• Built on: Ethereum

The presale is set to conclude in 8 days, after which the token price will increase. Given the growing demand for AI agents in the crypto industry, Mind of Pepe could be an attractive opportunity for early investors. Or it could be a complete flop. Who knows? 🤷‍♂️

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2025-05-23 16:08