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The cryptocurrency market, after seeing a huge growth, has been seen bleeding. However, the only up-and-coming currency in the bear market is Tron [TRX], which observed a growth of 6.34% in the past day.
At the time of the press, TRX was valued at $ 0.0255, with a market capitalization of $ 1.7 billion. The 24-hour trade volume of the currency was noted at $ 236 million, an increase of 10.54%. TRX has observed an overall growth of 32% compared to last week. The currency traded very well on the Bit-Z exchange with the TRX / BTC pair with a volume of $ 42 million, followed by Binance. Binance reported a trading volume of $ 20 million with the TRX / USDT pair.
1 hour
Source: view of trading
The chart of a currency hour observed a massive uptrend from $ 0.0200 to $ 0.0237, which continued up to $ 0.0253. No significant downward trend was observed. The currency broke the previous resistance at $ 0.0244 and since the currency continues to pump, there is no resistance marked at the time of printing. The currency scored support at $ 0.0238.
Awesome Oscillator provides a bullish market that is gaining momentum.
MACD the line is above the signal line, indicating a bullish market.
Relative strength index indicates that the buying and selling pressures give each other night, but the marker is moving towards the overbought zone.
1 day
Source: trading view
According to the one-day chart, the currency showed a downward trend from $ 0.0338 to $ 0.0270, which continued up to $ 0.0216. The currency noted a small uptrend from $ 0.0216 to $ 0.0252, with a resistance of $ 0.0216, while support was noted at $ 0.0119.
Bollinger bands they seem to be divergent, but they have a converging tendency to follow. The market volatility is high and the moving average line is under sticks, indicating a bear market.
Parabolic SAR indicates a bull market with markers aligned under the candles.
Chaikin cash flow also, indicates an uptrend as the marker is above zero.
Conclusion
As with the Awesome Oscillator, MACD, Parabolic SAR and Chaikin Money Flow indicators, the market is considered bullish. However, Bollinger Bands predicts a current bear market.
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