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Tron [TRX] Price Analysis: Bear befriends the estranged coin


All the major cryptocurrencies are trying to maintain their standing on the CoinMarketCap list and have been successful so far. Tron [TRX], the eighth-largest coin, has been promoted to the eighth position from the tenth and has been mostly undergoing a sideways movement.

At press time, the coin was valued at $0.0248, with a market cap of $1.6 billion. The coin reported a 24-hour trade volume of $153 million while registering a growth of 0.92% over the past 24 hours. The coin continues to spike by 1.01% over the past hour and has fallen by 3.54% over the past week.

1-hour

Source: Trading view

Source: Trading View

TRX’s one-hour chart noted an uptrend from $0.0277 to $0.0255, which was followed by an uptrend from $0.0260 to $0.0275. The coin marked resistance at $0.0255 and support at $0.0245.

Bollinger Bands appear to have diverged, increasing the volatility in the market.  The moving average line is under the candlesticks, indicating a bullish market.

Awesome Oscillator points towards a weakened…



Read Full Story : AMBCrypto

2019-02-13 15:00:50

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Written by Ambcrypto

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