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Tron [TRX] is now among the top 10 cryptocurrencies according to CoinMarketCap and has been shown at 0.26% hike in the last 24-hours. TRX has grown by 12% in the last seven days, while the major is being pinned down by the bear.
According to CoinMarketCap, Tron was trading at $ 0.0145 with a market cap of $ 959 million and a 24-hour trade volume of $ 76 million.
1-hour
Source: Trading View
The coin registered at downtrend from $ 0.0164 to $ 0.0151, which is further slipped till $ 0.01453. TRX also showed a miniscule uptrend from $ 0.0134 to $ 0.0140. While it was immediate resistance offered to the coin at $ 0.0151, while a strong support was registered at $ 0.0134.
Parabolic SAR bullish market as the markers are under the candles.
Awesome Oscillator too is in line with the aforementioned indicator and marks a bullish market.
MACD points towards a green market as a moving bullish curve.
1-Day
Source: Trading View
The coin showed a downtrend from $ 0.0390 to $ 0.0247. An uptrend was seen from $ 0.0120 to $ 0.0137. The coin faced with immediate resistance at $ 0.0157, while strong support was offered at $ 0.0119.
Bollinger Bands hints towards a volatile market which means the prices could be fluctuated but is slowly converging.
Chaikin Money Flow indicator is below the 0-line, unlike others, marks a bearish market as the money is flowing out of the market.
Relative Strength Index is indicating that the buying and selling pressure is evening each other out.
Conclusion
Tron has shown a steady growth in the past week and it looks like it will not be dragged by the bear as indicated by Parabolic SAR and MACD. However, the bear still seems to linger, as indicated by CMF.
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