TRX Rises 3.02% Amid Strong Trading Volume and Bullish Momentum

Generated by AI AgentCoin World
Tuesday, Aug 5, 2025 8:16 pm ET1min read
TRX
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Aime RobotAime Summary

- Tron (TRX) rose 3.02% to $0.3367, driven by high volume and RSI near overbought levels, with analysts predicting short-term corrections amid bullish sentiment.

- PENGU held above $0.03600 at $0.03857, showing bullish RSI divergence and TD Sequential signals, with key targets at $0.04000 and $0.04200.

- Cold Wallet raised $5.7M in Stage 16, acquired Plus Wallet for $270M, and projects 3,663% ROI if $CWT reaches $0.3517, outpacing peers with rapid growth and utility-driven adoption.

Tron (TRX) saw a 3.02% increase, reaching $0.3367, driven by rising trading volume and momentum pushing its RSI close to overbought territory at 74.99. The price remained within a 24-hour range of $0.3285 to $0.3407, with a market cap of $31.89 billion and $2.97 billion in daily trading volume. Analysts suggest that a short-term pause or correction could follow this strong move, but the overall buyer sentiment remains optimistic [1].

Meanwhile, PENGU continued to hold above a critical support level of $0.03600, with its current price at $0.03857. Technical indicators, including a TD Sequential “9” buy signal and bullish RSI divergence, suggest early signs of a potential rebound. Analyst Ali Charts emphasized the importance of the descending channel and demand zone in this price range, with key targets at $0.04000 and $0.04200 [1].

Cold Wallet’s presale continues to gain traction, surpassing $5.7 million raised by Stage 16, with 643 million $CWT tokens sold at $0.00924. The token’s next price tier is set at $0.0096, narrowing the window for early, cost-effective entry. The platform also announced the acquisition of Plus Wallet for $270 million, bringing in over 2 million users and reinforcing Cold Wallet’s position in the self-custody space. With a projected 3,663% ROI if the token reaches its listing price of $0.3517, Cold Wallet is outpacing other crypto projects in terms of growth and user adoption [1].

Despite the strong performance of TRX and PENGU, Cold Wallet stands out for its rapid capital raising and strategic acquisitions. The project’s cashback model, combined with real-world utility and platform integration, supports its long-term potential. Early investors are positioned to benefit from a rapidly expanding user base and increasing token value, making Cold Wallet a compelling play in the evolving crypto landscape [1].

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Source: [1] Market Movers In Focus...(https://coinmarketcap.com/community/articles/68929c25e7f3761419060121/)