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Tron [TRX] Technical Analysis
Amid a bearish crypto market scenario, Tron [TRX] though currently trading in red, it is attempting to break out from that zone to get the bulls. Altcoins trading in downward spiral. However, the 10th most valuable cryptocurrency, to some extent, has been managed to counter the prevailing pressure in a minor dip. In the gloomy times when the virtual asset based market was almost collapsed, Tron [TRX] has jumped almost 12% in the last seven days and nearly 36% in the past one month.
TRX / USD
The MACD states that the crypto is gradually stepping into the bullish zone. The 100 EMA line, at the time of writing, suggests that the digital currency is trading in uptrend. The virtual currency is breaking from the key resistance level, which can be traced at $ 0.0152.
At present, the hourly RSI indicator is marked at 52.7, which implies that the digital currency is experiencing increased buying. The total market value of the virtual asset stands at $ 963.13 million, according to CoinMarketCap data. The token has slipped nearly 0.12% against the U.S. dollar to trade at $ 0.0146.
Tron [TRX] price chart
TRX / BTC
Currently, the coin had climbed 2.38% against Bitcoin [BTC] with one TRX worth aboutvalued at around 0.0000037 BTC.
Tron [TRX] Latest Updates
- TRON Foundation has announced that it is joining the leader in the mobile portfolio tracker for crypto, Blockfolio Signal beta. It will help the community members to get updates about their favorite coin. The app has attracted over 4.5 million users & crypto enthusiasts who use the service on more than 6,000 cryptocurrencies. It also has integrations with more than 240 exchanges.
- TRON community has recently got another reason to rejoice as the founder, Justin Sun, shared that TRON [TRX] will soon be listed on the South-East Asia's biggest blockchain assets trading platform – MBAexOfficial. Digital platform transactions. The platform with over 1.3 million users uses blockchain technology. It enables merchants to trade on digital currencies and blockchain assets.
See also:
TRON joins the "leader" in portfolio-tracking app for crypto and blockchain industry
TRON (TRX) to be listed on South-East Asia's largest blockchain assets trading platform
Image via Shutterstock
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