TRON (TRX) Majorly Trading Between The Levels of $0.0120 & $0.0110

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • The cryptocurrency is maintaining a volatile trade with ambitions to climb up yet exposed to the bears.
  • TRON is facing heavy resistance as it is not able to maintain a continuous climb.
  • The TRX/BTC pair is performing positively with the overall profit of 1.42% bringing the level to 0.00000173.

The TRX prices are unable to make a steady climb, even after facing fluctuation, prices are trying their best to climb up.

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There is a heavy resistance of $0.120 which is not allowing prices to rise against it. TRX is unable to find out a break as same it is unable to find a key new support level.

Currently, TRON is supported by the level of $0.0112. Chances are shortly it will be tested as prices acquired a downward moment. If this support level collapsed against this collapse. there will be a major bearish momentum in the prices of the cryptocurrency.

The current  market capital is $762,806,671 USD, with volume traded of $975,471,280 USD and the circulating supply of 66,682,072,191 TRX.

Tron
Source:tradingview

The Technical chart reflects that bulls and bears both are having ha face off. Currently, prices are trading at the level of 0.0113. After getting the strong support of $0.0101 prices were able to make the significant climb they want but currently it all got wasted as prices are developing a negative divergence.

The technical indicators and oscillators are showing a decrease in the buying volume in the cryptocurrency due to the development of bearish momentum in the market.

The MACD levels are showing that there is a straight flat trade as both buying and selling volume moving tow to tow with each other.

The 24hr – RSI is unable to make a gradual climb as it is again falling towards the bearish zone. Currently, it is trading above the crucial level of 50  

The 24hr-CCI is trading in the normal zone, it also touched the overselling region today but currently trading at the top of normal region with negative divergences.

Resistance Level: $0.1200
Support Level: $0.0112

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