Tron Stuck in the Consolidating Range of $0.029 to $0.024

  • Cryptoasset trading in a narrow range of $0.029 to $0.024 gains 2.98% in the last 24-hours and rose to 3.96% in the last seven days 
  • TRX is trading at the level of 0.027$ with volume of $1,474,308,931
  • The overall crypto market has bounced from the lower level and trading with bitcoin dominance of 58.4% 
tron 1
Source: Tradingview

Tron is trading at the level of $0.024 within the range of $0.024 to $0.029 and a sideways consolidation is observed over the 4-hours candlestick, the coin has a minor resistance level of $0.028 while the level of $0.029 as a strong resistance level for it.

pasted image 0 2
Source: Tradingview

The support over the monthly chart is observed at the level of $0.024. The coin is trading flat with a gain of 3.96% over the last seven days. 

- Advertisement -

The market capitalization of the token stands at $1,941,766,991 likewise the traded volume in the last 24-hours is $1,474,308,931. After making the 52-week high of $0.048 over the monthly chart the coin makes the low of $0.024 and trading in the range of $0.029 to $0.024.

The Directional Movement Indicator (DMI) of the coin gives multiple crossovers over the chart suggesting the amalgamation in the coin, as a result, the +DIs gives multiple crossovers over -DIs a range-bound movement can be continued in the coin concerning support and resistance. 

pasted image 0 3
Source: Tradingview

Relative Strength Index (RSI) of trading near the neutral level and within the normal range in the indicator chart indicates that the coin is trading at 55 RSI level. The Commodity Channel Index (CCI) also indicates the volatility in the coin trading at the level of 75 CCI. 

Support for TRX: $0.024

Resistance for: $0.029 

Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.

Download our App for getting faster updates at your fingertips.

How useful was this post?

Click on a thumb to rate it!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Download our App for getting faster updates at your fingertips.

Pratik Chadhokar
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.

Similar Articles



Please enter your comment!
Please enter your name here

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange