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Tron [TRX] Price Analysis: Bear maintains a hold on the coin in the bull’s market


The cryptocurrency market has been welcomed by the bull after a long bearish trend. However, Tron [TRX], the coin that was the only coin to note a bullish ride when all the major coins were falling, has noted the least growth. The eighth largest coin, TRX, reported a spike of just 4.93% over the past day.

At the time of press, TRX was valued at $0.0272 with a market cap of $1.8 billion. The coin reported a 24-hour trading volume of $240 million and registered a growth of 4.56% over the week. However, the coin has started to fall by 0.08% over the past hour.

1-hour

Source: Trading view

Source: TradingView

According to the one hour chart of the coin, an uptrend was traced from $0.0265 to $0.0285, after which the coin saw a downtrend from $0.0286 to $0.0261. The coin then spiked on 8 February and an uptrend was noted from $0.0259 to $0.0274.  The coin marked resistance at $0.02776 and support at $0.0259.

Bollinger Bands appear to be converging after a period of being diverged and increasing volatility….



Read Full Story : AMBCrypto

2019-02-09 23:00:32

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