🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
TRX is preparing for a breakout as the Bollinger Bands tighten: CryptoQuant
According to analysis from CryptoQuant, TRON (TRX) is showing signs of short term accumulation as the Bollinger bands are narrowing significantly — a signal that often precedes a strong volatility event. Currently, the lower band of the Bollinger is around 0.26 USD, where TRX has recently bounced back. After this bounce, the price is approaching the equilibrium zone ( around the 0.27 USD mark, acting as a market balance level.
With the price of TRX fluctuating near this average zone, the market may witness liquidity accumulation as traders adjust their strategies, preparing for one of two scenarios: distribution at the upper zone or continued buying at the lower zone.
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If TRX successfully breaks above the 0.27 USD threshold and turns this zone into support, the next target may be towards the 0.29 USD zone — corresponding to the upper band of Bollinger and also a potential distribution zone. Breaking this level with confirming volume could open up a new upward trend, marking the end of the accumulation phase lasting from 1 to 2 months.
The phenomenon of "Bollinger Band squeeze" is forming on TRON, which is a noteworthy technical signal, often accompanied by strong volatility expansion after a tightening phase. Investors should closely monitor price reactions around the zone of 0.27 USD to determine the next direction of TRX.