[ad_1]
Tron [TRX] the tenth largest currency in the cryptocurrency market, has fought the bear for a long time and the meeting does not seem to be over yet. With the market changing almost every day, TRX must try to maintain its position in the top-10 list.
According to CoinMarketCap, the currency was valued at $ 0.0127, with a market capitalization of $ 848 million. TRX reported a 24-hour trading volume of $ 53 million, with a registered loss of 2.65% within 24 hours at the time of printing. The currency recorded an overall dip of 4.84% over a week.
1 hour
Source: view of trading
According to the chart of an hour, the currency has detected a downtrend from $ 0.0137 to $ 0.0131. The currency recorded a short uptrend from $ 0.0128 to $ 0.0129 at the time of printing. The currency recorded immediate resistance of $ 0.0131 and strong support for $ 0.0128.
Awesome Oscillator indicates a bearish market that is gaining momentum.
Chaikin cash flow is in line with Awesome Oscillator in aiming towards a bear market. However, it could soon take a bullish position.
Relative strength index shows that buying and selling pressures are doubling, but the RSI line seems to be closer to the bearish end.
1 day
Source: view of trading
According to the one-day chart, the currency reported a massive downtrend from $ 0.0390 to $ 0.0247, which continued further at $ 0.0130. The currency marked a minimum rise from $ 0.0119 to $ 0.0128. It recorded immediate resistance at $ 0.0158, while strong support was offered at $ 0.0119.
Bollinger bands They seem to be converging, but according to the previous trend it may diverge, increasing price volatility in the market. The moving average line is seen above the candles that mark a bearish market.
Parabolic SAR it also indicates a bearish market with indicators above the candles.
MACD the line is above the signal line, indicating a bull market, unlike other indicators. however, there may be an incoming crossover.
According to the Bollinger Bands and Chaikin Money Flow indicators, the currency seems to sway with the bear. However, considering the volatility of the market, the change in trends is not new at all in the encrypted world.
Subscribe to the AMBCrypto newsletter
