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Last week, the TRX price movement has constantly moved with much traction. Because of the crypto-market volatility, the price movement of TRX was not like last week, but things change as TRX prepares to overcome its current trend line.
At the time of writing, the price of TRX is $ 0.0229 with a market capitalization of $ 1.5 billion. Speaking of facts and figures in recent times, Tron (TRX) has not made those spectacular moves as we expected. His last bullish movement pushed the currency upwards above 50 and 100 EMA, but the 200 EMA is still slightly higher than its current price.
Since June of this year, TRX has not exceeded the 20-day moving average since TRX's market activity has been declining, so it is currently moving towards the resistance of the moving average. at 9 days. However, TRX can jump to the top; if it breaks above the 9-day moving average or its current trend line – that cryptography got in the third week of June.
Looking at the technical rankings (not the predictions that cryptographers have recently released), its price could rise to $ 0.05 or more before the 2018 ends. It is important to know that once the TRX price goes to $ 0.03 – which is possible since it collects an upward impulse – TRX will have the 20-day moving average resistance.
Technically, the TRX trend line has had several trend areas that are vital for the TRX price. As mentioned above, if Tron (TRX) can push beyond its current trend line, it would be easy for him to further increase and test other resistant areas.
It is also necessary to know that TRX has made some waves of attractive prices that have given its investors the opportunity to pull the trend line. Given that if Tron maintains the current price, a breakout is imminent and we may see an increase of about $ 0.03.
Graph courtesy of TradingView
Subsequently, if Tron does not reach the bullish momentum, or rather, if it makes a turn towards the downtrend area of its current trend line, then it would have a negative effect on the price of TRX in the crypto-market. This is due to the fact that TRX has been consistent as a result of its current level and a further downturn below its current trend will reduce its price.
Tron presents a developer portal
Tron could increase further in the coming days as it has recently unveiled a developer portal for DAPPS developers. TRX seems stable at the moment, while the other crypto-coins in the market are currently showing slow movements.
TRX is traded in green by 0.57% taking the last 24 hours in the account, and this is probably due to the announcement of its new developer portal. Among the 15 best cryptos, only Binance Coin is the other cryptocurrency that is in green at the moment.
The recent Tron developer portal will help DAPPS developers to create different types of applications on the Tron network. The portal will also help these developers to become familiar with Tron. The developer portal will certainly draw more DAPPS developers; since many of these developers adopt Tron, the price of TRX will increase.
Pleasantly, Tron is becoming more and more the choice of developers as it is more favorable. We should also not forget that Tron is also scalable and efficient. The crypt is ready to go up, and its recent projects will help to raise its current price.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of PixaBay
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