Tron [TRX] makes a small jump in the rally of the crypto market: technical analysis


At a time when the cryptocurrency market seems to be recovering, Tron [TRX] showed a small change that led to its lower increase of 1%. Although the tenth most important altcoin in terms of market capitalization is experiencing moderate pressure from buyers in the market, yet it is following an upward trend. Over the course of the day, the currency has managed to overcome its resistance level and is continuing its trajectory towards the top, which is likely that the crypto persists. Since the market performance has remained stable over a considerable period of time, therefore, over the past seven days, Tron [TRX] it has barbed about 19.5% and increased by almost 76.6% in the last month.


MACD suggests that the virtual asset is traded in bullish territory. The 100 EMA line at the time of printing indicates that the digital currency is showing an uptrend. The crypto broke out from the key resistance level, which is shown at $ 0.0224.

At present, the RSI hourly indicator was noted at 49.1 which suggests that the crypt is recording an increase in purchases in the market. At the time of writing, the digital asset rose 0.82% against the US dollar to be assessed $ 0.0232. The overall valuation of the money market is 1.54 billion, according to CoinMarketCap.


Tron [TRX] price table


Currently, virtual currency has decreased by 3.44% compared to Bitcoin [BTC] and is worth a TRX 0.00000576 BTC.

TRON [TRX] Latest updates

  • The repeatable name is waiting for Tron token, TRC10, because the proposal dubbed "Allow the same token name" is analyzed by the Super Representatives. A Medium published recently blog post mentioned that the proposal would be sanctioned on 5 January at 6 am (UTC) and from there, the Tron the token name will not be unrepeatable. It is clear to everyone that the proposal will certainly have a significant impact and will influence the members of the community who hold and use the basic TRC10 tokens. The token list includes TWX, IGG, TronWatchMarket, SEED and others.
  • Tron [TRX] he makes another leap cementing his own land on the Ellipal portfolio, launched by a blockchain company based in Hong Kong. This portfolio is designed for mobile devices that allows secure transactions of digital assets on a daily basis to make payments or exchanges and also to obtain relevant news from the market. The use of the portfolio has aligned itself with the objective of the native company that seeks to develop the connection of all with blockchain in a protected ecosystem. Moreover, the protected transaction the wallet guarantees an effortless transfer of cryptocurrencies by the users.

See also:

Tron SR will probably propose the proposal "Allow the same token name" for TRC10 tokens

Tron [TRX] now available in the next gen hardware portfolio from Ellipal

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