Tron (TRX) Price Analysis: TRX Price Breaks The Price Level Of $0.016 With Bearish Move.

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Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • The cryptocurrency was performing well and it acquired the positive divergence in the price but the resistance level keeps halting.
  • The TRX/BTC is indicating positive results with a gain of 0.56% in its level bringing the level to 0.00000179.

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Source: Coinmarketcap

The TRON prices are still making a continuous fall and bears are emerging which is halting the price recovery for the altcoin.

TRX prices were making quite good progress even after suffering a fall to the level of $0.010. The TRX price climb back up and get the level of $0.016. 

If prices manage a dominance above the level of $0.01600 they will become strong enough to achieve cross over the resistance level of $0.018. Currently, TRX price found support at the level of $0.015. This level helped prices to put a halt on their fall.

TRON is trading with the market capital of $1,061,286,269 USD, with volume traded of $1,550,789,405 USD and the circulating supply of 66,682,072,191 TRX.

Tron (TRX) Price Analysis

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Source: Tradingview

The Tron Technical chart reflects that bulls are emerging after a fall due to the increase in the positive trade. Prices are trying to make a dominance of positive trade but bears are emerging too with the help of resistance levels.

Currently, TRX Price is trading above the level of 0.01550 and trying to maintain a steady climb. The technical 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 in the bullish region.

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 45.

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: $0.016 and $0.018

Support Level: $0.015 and $0.012

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