RATE Group | Tron [TRX/USD] Technical Analysis: Cryptocurrency sinks into the bears’ pool
48843
post-template-default,single,single-post,postid-48843,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Tron [TRX/USD] Technical Analysis: Cryptocurrency sinks into the bears’ pool

12 Nov Tron [TRX/USD] Technical Analysis: Cryptocurrency sinks into the bears’ pool

Posted at 19:44h in Cryptocurrency News by

[ad_1]

The volatility in the cryptocurrency market seems to have calmed down in the past 24-hours as prices of digital assets have only shown insignificant variations. The top gainer in the list remains Stellar [XLM], with a 4% hike since yesterday, November 11. Bitcoin Cash [BCH], which ruled the market in the past two weeks, has surprisingly turned out to be the biggest loser in the top 10 coins with a 6.87% decline rate.

Tron [TRX] has been maintaining its eleventh position since a month, without much variation in its price. At the time of writing, TRX was trading at $0.022, with a market cap of $1.46 billion.

1-hour:

Source: Trading View

Source: Trading View

The one-hour chart of Tron [TRX] shows a downtrend from $0.024 to $0.023. Also, we can observe that there is a resistance level at $0.022 and a support level fixed at $0.024.

The Awesome Indicator depicts that the short-term momentum is falling faster than the long-term momentum, representing a bearish selling opportunity.

The Klinger…

[ad_2]

Source link

Tags:
, , , , , , ,