TRON (TRX) Prices Losing Its Steady Grip Over The Positive Trade

processed
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 was performing well and it acquired the positive divergence but now it’s fading.
  • The TRX/BTC is indicating positive results with a gain of 2.56% in its level bringing the level to 0.00000181.

 The TRON prices are still making a continuous fall and bears are emerging as a strong negative trade is emerging in the prices.

Prices are were making quite good progress even after suffering a fall as they climbed back up and it also acquires the level of $0.016000.

If prices manage a dominance above the level of $0.016000 they will become strong enough to achieve the level of $0.016800 but they failed in it.

Currently, TRX price supported by the level of $0.016000. This level helped prices to put a halt on their fall but it also became weak and prices have blown in away and acquired heavy bulls.

TRON is trading with the market capital of  $1,061,286,269 USD, with volume traded of $1,682,789,405 USD and the circulating supply of 66,682,072,191 TRX.

Tron (TRX) Price Analysis

Advertisement


tron1
Source:tradingview

The Tron Technical chart reflects that bulls are emerging after a fall due to the increase in the positive trade, now prices are trying to make a dominance of positive trade but bears are emerging too.

Currently, prices are trading above the level of 0.01550 and trying to maintain a steady climb. The technical’s indications are on positive grounds as there is an increase in the buying volume.

The MACD levels are showing that there is an increase in the selling volume of Tron which is an indication of the negative trade which causes serious trouble.

The 24hr-RSI is trading in the normal region with negative momentum, as it took a negative divergence and unable to overcome it. Currently, it is trading above the level of 55.

The 24hr -CCI is trading with a gradual fall from the top of the normal level. It did manage its trading they are but now it adopted a falling pattern.

Resistance Level: $0.016100

Support Level: $0.015700

Hot News

Bitcoin Cash [BCH] Bullish Breakout Seems Real: Indicators Suggests

Bitcoin, the largest cryptocurrency in the world and - by proxy - cryptocurrency market, has witnessed bursts of volatility. Bitcoin Cash’s price has...

Goldman Sachs Contemplate to Launch Crypto Stablecoin

Mathew McDermot, global head of digital assets is currently leading the team at Goldman Sachs responsible for the development of this stablecoin. Stablecoin...

Ripple CEO Brad Garlinghouse Bats For Cryptocurrencies, Opines Governments Are Taking It Seriously

Brad Garlinghouse believes that cryptocurrencies are emerging as a stable and trusted alternative to in fiat currencies. The coin market has witnessed a...

Iran Permits Licensed Bitcoin Miners to Start Operations to Boost Crypto Market

The Iranian government has issued 1,000 plus licenses for cryptocurrency mining as of January. Iran will also provide an exemption of 47% on the...

Ex Goldman Sach Employee Raoul Pal Roots for Bitcoin As Only Asset Worth Owning

  Former Goldman Sach Raoul Pal suggests that Bitcoin is his choice of cryptocurrency for long-term asset allocation. Palis also working on repositioning his...

Top 5 Types of Cryptocurrencies and Their Profit Trends in 2020

A complete lowdown on the cryptocurrencies you should invest in 2020 for high returns. Trading of Bitcoin, Ethereum, and other cryptocurrencies witnessed a surge at...

Partners

RELATED NEWS

Bitcoin Cash [BCH] Bullish Breakout Seems Real: Indicators Suggests

Bitcoin, the largest cryptocurrency in the world and - by proxy - cryptocurrency...

Goldman Sachs Contemplate to Launch Crypto Stablecoin

Mathew McDermot, global head of digital assets is currently leading the team at...

Ripple CEO Brad Garlinghouse Bats For Cryptocurrencies, Opines Governments...

Brad Garlinghouse believes that cryptocurrencies are emerging as a stable and trusted alternative...