Tron [TRX] falls thin in the middle of the bearish encrypted market: technical analysis


Tron [TRX] Technical analysis

At a time when the main market gains are moving in a downward spiral, Tron [TRX] has magically plunged to trade in red. At the end of the day, even if the seller's pressure increased, the 10th most valuable virtual asset for its market capitalization recorded lower losses than the other major digital currencies in the list. Tuesday's crypto market opened mainly in red with this altcoin narrowing slightly due to the bears returning. Tron [TRX] it did not work well when the market crumbled under the pressure of sales, plunging by almost 12% in the last week and falling by about 42% in the duration of a month.


The MACD suggests that the cryptocurrency is traded in bearish territory as the market declines. The 100 EMA line, at the time of writing, suggests that the digital asset is showing a downward trend. Currently, the digital currency is trading below the key support level, which can be found at $ 0.01383.

At present, the RSI time stamp is marked at 42.5, which indicates that this virtual currency is under severe pressure from the seller in the market. The total market value of the token stands at $ 873.33 million, according to CoinMarketCap data. The virtual business declined by about 0.92% compared to the US dollar to be traded at $ 0.01316


Tron [TRX] price table


At the moment, the crypt has exceeded 2.83% against Bitcoin [BTC] with an estimated TRX around 0.00000386 BTC

Tron [TRX] Latest updates

  • In a recent interview, Tom Mao, the TRON executive, spoke about the network and how its pole test system makes the TRON network "More decentralized"By Bitcoin or Ethereum In the recent interview with the Youtube channel CodeXpert, Mao said that the test mining systems of Bitcoin and Ethereum lead it to pools of centralized mines, and also stressed the amount of energy use involved in the test. The main scalability problems that have curbed important cryptates like Ethereum and Bitcoin in terms of large-scale coin adoption have already been solved by TRON, according to Mao.
  • The TRON foundation has recently announced that the decentralized application of Bitizen (DApp) and with it the world of Bitropolis is now leaving the Ethereum network and the world of TRON .. To facilitate the move, the virtual game will be taken offline on the Tron network.

See also:

"More decentralized" TRON network of Bitcoin or Ethereum, says executive Tom Mao

Tron [TRX] chords in Bitizens Gaming App by Ethereum [ETH] Network

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