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January 2009 has been uneven ever since. Tron [TRX], the ninth largest coin, has been going through similar tough time.
At the time of press, the coin was valued at $ 0.0246 with a market cap of $ 1.6 billion. The coin registered 24-hour trade volume of $ 196 million with a dip of $ 1.73% over the past 24 hours. Tron has been constantly falling over the past seven days by 9.61% and is still falling by 0.01%.
1-hour
Source: Trading view
Reported to downtrend from $ 0.0328 to $ 0.0251. The coin also registered an uptrend from $ 0.0214 to $ 0.0241, however, it is currently going through constant ups and downs. The coin noted at resistance at $ 0.0260 while the coin marked two supports. One strong support was observed at $ 0,041 and another one at $ 0.0213.
Bollinger Bands are converging, reducing the volatility in the market. The moving average line appears to be under the candlestick, marking a bullish market.
Awesome Oscillator also shows a bullish trend in reducing momentum.
Chaikin Money Flow bullish trend as the marker has just crossed the zero line.
1-day
Source: Trading view
The one day chart of the coin showcases at downtrend from $ 0.0390 to $ 0.0287. The downtrend was followed by an uptrend from $ 0.0132 to $ 0.0287. While waiting for support at $ 0.0215 and another at $ 0.0132.
MACD a line is under the signal line marking at the bearish market.
Parabolic SAR indicates a bearish market as the markers have aligned above the candlesticks.
Relative Strength Index that the buying and selling pressures are evening each other out.
Conclusion
As for the one-hour indicators Bollinger Bands, Awesome Oscillator, and Chaikin Money Flow predict a bullish market. However, the one-day chart indicators forecast for bearish trend could be underway.
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