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Tron [TRX], the tenth largest cryptocurrency, showed better performance in the bear market compared to other market cryptocurrencies. Moreover, the cryptocurrency has made a wave surpassing Monero [XMR] and Cardano [ADA] in terms of market capitalization.
According to CoinMarketCap, at the time of the press, Tron was trading at $ 0.0133, with a market capitalization of $ 882.02 million. The cryptocurrency shows a trading volume of $ 61.47 million and has fallen by 8.08% over the last seven days.
1 hour
Tron hourly price chart | Source: trading view
In the table of prices of an hour, the coin shows a downtrend from $ 0.0152 to $ 0.0140. It also shows a slight uptrend from $ 0.0125 to $ 0.0136. The coin has an immediate resistance level set at $ 0.0141 and a strong resistance level set at $ 0.0147. The graph shows that cryptocurrency has immediate support for $ 0.0134 and strong support for $ 0.0122.
Parabolic SAR shows that the coin has entered the sphere of the bear while the points have begun to line up over the candlesticks.
Chaikin cash flow it also shows the same scenario in which money started to flow out of the market.
Bollinger bands it is expecting a less volatile money market when the gangs have started to meet.
1 day
Tron day price chart | Source: trading view
In the one-day price chart, the currency shows a downtrend from $ 0.0390 to $ 0.0247. Register another fall from $ 0.0221 to $ 0.0137. It has an uptrend from $ 0.0119 to $ 0.0128. The immediate resistance to the cryptocurrency is $ 0.0158 and the strong resistance is $ 0.0270. The chart also shows that immediate support for the currency is $ 0.0128 and strong support is $ 0.0118.
MACD it is expected that the coin will rediscover its path to the bull's sphere when the moving average line has made a crossover, only to take the move to the north.
Klinger Oscillator he is nodding to the MACD forecasts as the reading line has made a bullish crossover.
RSI is showing that the buying pressure and selling pressure for the currency are currently leveled on the market.
Conclusion
The Parabolic SAR and the CMF of the chart at a table show that the currency has been diverted from the bear side of the market. However, the MACD and Klinger Oscillator of the day chart are predicting that the coin will find its way back to the side of the bull.
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