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Since the new year, Tron [TRX], the tenth largest currency in the world, has seen a steady growth in its performance. Now he is aiming to climb up into the top 10 list of cryptocurrencies.
According to CoinMarkeCap, TRX was valued at $ 0.0231, with a market capitalization of $ 1.54 billion at the time of writing. The market capitalization of TRX is similar to that of Bitcoin SV & # 39; s [BSV] and it could overcome it to be in the ninth tenth position.
The currency recorded a 24-hour trading volume of $ 135 million, an increase of 2.90% growth rate over the previous day. The currency recorded an overall growth of 17.91% compared to last week and continues to grow by 0.43% in the last hour.
1 hour
Source: trading view
According to the diagram of a currency time, a strong uptrend from $ 0.0197 to $ 0.0237 was recorded, after which it recorded a minimal decline from $ 0.0239 to $ 0.0236. The resistance of the currency is valued at $ 0.0239 and immediate support is valued at $ 0.0233. The currency marks a second support at $ 0.0229.
Parabolic SAR marks a bearish market as the markers lined up above the candles.
Awesome Oscillator too much marks a bullish market that gains momentum.
Chaikin cash flow, on the other hand, it points towards a bearish market while the marker falls below zero.
1 day
Source: trading view
According to the one-day currency chart, a fall was $ 0.0338 to $ 0.0236. The currency has not recorded a significant uptrend. The currency has resisted $ 0.0237 while a support for $ 0.0119 is noted.
Bollinger bands they are at a different point, but will soon converge, thus reducing market volatility. The moving average line is under the candelabra, marking a bearish market.
MACD line is above the signal line, pointing towards a bullish market.
Relative strength index indicates that buying and selling pressures give each other night.
Conclusion
According to the Awesome Oscillator and MACD indicators, a bullish market is expected. However, Bollinger Bands and Chaikin Money Flow point towards the realm of the bear.
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