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TRON (TRX) Again Coming Short In Front The Level Of $0.01200

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  • The cryptocurrency is trying to maintain a positive trade with ambitions to climb up yet exposed to the variations.
  • TRON is facing heavy resistance as it is not able to maintain a continuous climb against the level of $0.01200
  • The TRX/BTC pair is performing positively with a slight profit of 0.61% bringing the level to 0.00000180.

The TRON prices are unable to make a steady climb, even after facing variations, prices are trying their best to climb up but unable to execute their desires.

There is a heavy resistance of $0.1200 which is not allowing prices to rise against it gradually. TRX is unable to find out a break the as same it is unable to find a key new support level.

Currently, TRX is supported by the level of $0.0100. If prices really want to acquire a bullish dominance, 1st they need to find a new support level at their current trading position. 2nd to climb past the resistance level of $ 0.01200.

The current  market capital is $769,129,799 USD, with volume traded of $788,812,921 USD and the circulating supply of 66,682,072,191 TRX.

Tron
Source:tradingview

TRON Technical Analysis

The Technical chart reflects that bulls and bears both are in front of each other. Currently, prices are trading at the level of 0.0150. After getting the strong support of $0.0100 prices were able to maintain a significant climb.

The technical’s are showing that is an increase in the selling volume in the cryptocurrency due to the development of bearish momentum in the market.

The MACD levels are showing that there is an increase in the buying volume of the cryptocurrency which is an indication of the positive trade.

The 24hr-RSI is in the bearish zone after taking a sharp positive divergence from the bearish zone. Currently, it is trading near the crucial level of 50.

The 24hr -CCI is trading at the top of the normal region in flat pattern coming down from the over buying region.

Resistance Level: $0.1200
Support Level: $0.0100

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