Justin Sun has pledged to buy $ 10 million in GameStop (GME) shares.

Tron (TRX) rises as CEO supports GME.

The suspension of trading on Robinhood is still receiving a lot of criticism.

After a hectic week in which GameStop (GME) went from a struggling stock to a Fortune 500 company, Tron CEO Justin Sun has now pledged to buy the stock for $ 10 million. .

Beincrypto reported that Reddit group r / wallstreetbets orchestrated a short incentive to buy the stock, pushing GameStop’s stock price to a record high of $ 492 per share on Thursday, January 28.

According to the Robinhood website , the company has limited some securities to „close only positions“ due to „significant market volatility“. This left traders with no choice but to sell their shares. In the early hours of Thursday, GameStop shares fell to $ 132 per share .

Gamestop: Justin Sun Joins Robinhood Criticism

This suspension included several other actions like Nokia and AMC Entertainment Holdings.

While many have criticized Robinhood on social media platforms, some have taken to court to deal with the issue. Tron CEO Justin Sun finally announced his support via Twitter on January 28.

After his initial announcement to “remove Robinhood” from retail investors and Reddit’s wallstreetbets group, Sun first pledged to buy $ 1 million from GME when the Asian market opens on Friday 29 January. However, after some thought, Sun decided to increase the total to $ 10 million .

His comments sparked a sharp rise in the price of Tron ( TRX ), with the cryptocurrency hitting a new monthly high of $ 0.4439. As of now, Tron is officially part of the WallStreetBets Telegram group, and the cryptocurrency may now be more volatile.

Market manipulation?

With TRX enjoying the backing of retail investors, some have accused Sun of attempting to drive up the price of its cryptocurrency.

The Tron-WallStreetBets relationship can benefit both parties. While Robinhood’s restrictions prevented the five million reddit users from buying more shares, another reddit group, r / SatoshiStreetBets, orchestrated a one-off action for Dogecoin .

According to CoinMarketCap , DOGE is now among the top ten cryptocurrencies ( BTC included) by market cap with a value of over $ 7 trillion. The coin rose 392.41% on Thursday, January 28, pushing the cryptocurrency closer to $ 1.

Der Bitcoin-Preis fällt heute innerhalb weniger Stunden von einem Hoch von 33.600 USD auf ein Tief von 27.678 USD.

BTC / USD befindet sich seit Beginn des heutigen Handels mitten in einem Retracement. In der Zwischenzeit ist die Abwärtsdynamik nicht mehr aufzuhalten, während die Schlüsselunterstützung bei 28.000 USD verwüstet wurde, was die Bullen dazu zwang, sich auf die Verteidigung der nächsten Unterstützung zu konzentrieren, die auf 27.000 USD abzielt. Wenn dies nicht funktioniert, können zusätzliche Unterstützungen bei 25.500 USD, 25.300 USD und 25.100 USD gefunden werden.

Was Sie von Bitcoin (BTC) erwarten können

Die Bildung eines bullischen Flaggenmusters deutet darauf hin, dass die Aufwärtsbewegung nur fortgesetzt werden kann, wenn die Unterstützung des Musters nicht unterbrochen wird. Eine Aufschlüsselung unter die Flaggenunterstützung kann jedoch zu schlimmen Auswirkungen führen, wenn der Bitcoin Bank Preis in Richtung 26.000 US-Dollar steigt. Der technische Indikator hat auch die rückläufige Bewegung unterstützt und die Idee, dass dies das Ende der Bullen-Rallye sein könnte, weiter nach Hause gebracht.

Der RSI (14) bewegt sich jedoch innerhalb der überkauften Zone unter das Niveau von 80, da der starke Abwärtstrend ein klares Indiz für den Einfluss ist, der es den Bären ermöglicht, mehr Druck auf den Markt auszuüben. In der Zwischenzeit ist eine Umkehrung möglich, jedoch nur, wenn der Widerstand bei 32.500 USD zurückgefordert wird. Der Persistenzhandel über diesem Niveau kann die Münze technisch auf die Widerstandsniveaus von 36.000 USD, 36.200 USD und 36.400 USD bringen.

Mittelfristiger BTC / USD-Trend: bullisch (4H-Chart)

Mit Blick auf das 4-Stunden-Chart ist Bitcoin (BTC) noch nicht unter 25.000 US-Dollar gefallen und befindet sich immer noch in der Schleife, sich zu erholen. Der Bitcoin-Preis bewegt sich unter dem gleitenden 9-Tage- und 21-Tage-Durchschnitt und kann einige Zeit in Anspruch nehmen, um über den 34.000 USD zu handeln. Derzeit bewegt sich der Bitcoin-Preis um das Niveau von 31.484 USD.

Bitcoin has seen some turmoil lately, with the cryptocurrency’s price action greatly favoring the bulls. Each slump has resulted in aggressive buying pressures leading it to new all-time highs, with the ongoing bull market turning into a full parabolic ascent.

The cryptocurrency is rapidly approaching the $ 30,000 mark, which is a key brand that could prove to be a major hurdle for the cryptocurrency

One analyst has commented on the outlook for BTC, stating that medium-term development will largely depend on responding to a rapidly emerging trend.

The last time the indicator it is referring to lit up, the cryptocurrency saw a massive 38% regression before it was able to rebound and see exponential growth.

Bitcoin has been trapped in the clutches of a wild bull market for the past few months, and there are few signs that it is wearing off as the bulls continue to absorb pretty much every dip.

The cryptocurrency is rapidly approaching a key brand that has long been seen as a target for growth at $ 30,000. This could prove to be one of the strongest levels of resistance she has seen since breaking above $ 20,000.

An indicator now predicts an imminent setback. If the past repeats itself, this blinking indicator could indicate a 38% + retrace is imminent before BTC experiences exponential growth.

Bitcoin is gaining momentum, bulls targeting $ 30K

At the time of writing, Bitcoin is trading at $ 29,700. That is a bit above the price it has been trading at all last day.

The bulls are vying to push the price towards $ 30,000, but selling pressure seems to be quite intense here.

Breaking above this level will be key for BTC to experience its next phase of parabolic growth.

Indicator shows: BTC correction could be imminent

A trader wrote in a tweet that the monthly momentum value of Bitcoin is at a level he has not seen in a long time. The last time it was that high, the cryptocurrency saw a rapid retreat that staggered it down 38% before seeing exponential growth.

“BTC Monthly Momentum Reading: Something interesting to watch out for (interesting, but incapable of acting on its own). The last and only time $ BTC saw this high monthly momentum value, we saw a 38% retrace and rebound within the month before moving exponentially. „

The coming days should provide some serious insight into where the entire market will head over the medium term.

If Bitcoin sees a strong rejection at $ 30,000, it could trigger a retreat similar to what has been seen in past bull markets – only to see parabolic growth afterwards.