- Trx coin is currently retracing back to the lower levels after making a 52-week high on FEB,12,2020
- Tron price is currently trading at the value of $0.05407 with a gain of 16.90% in 24 hours and a 50.15% gain from the last week.
- TRX/BTC pair is currently trading at the value of 0.000001145 BTC with an intraday gain of 2.63%
Tron’s weekly chart highlights “Bulls coming to rest” in today’s trading session. Tron’s current price is at the value of $0.05407, with the major resistance at the level of $0.65 and the support level is at the value of $0.45. The price set a mark of 52 weeks high in today’s trading session and can reach an all-time high. Meanwhile, the coin’s trading volume is $4,394,119,640 in the last 24-hour time-frame representing an increase in the value of 54.20%. The TRX/BTC pair is an uptrend with a value of (0.000001145 BTC ), which is up by 2.63% in today’s trading session.
Tron (TRX) Technical Analysis
The technical chart of TRX highlights a positive run coming to an end. In contrast, the Tron price is at $0.05407.The coin has made a demand zone in between the price level of $0.048 and $0.045. Suppose the coin price breaks the demand zone and comes back to lower levels, then the price will lose all its ground. It would become difficult for the price to retrace back above the demand zone. The coin price is trading above the 50 and 200 Exponential Moving Average. The 50-EMA blue line is at the value of $0.03433, making it temporary support. The coin has been on a bull run for the last five days, forming a bearish pattern on today’s session.
The volume indicator with the value (57.70m) reflects a selling volume in the coin. The selling volume is higher than the average, showing that the sellers are getting active in the coin.
RSI(Bearish): It is trading at a value of 77.71 indicates its presence in the overbought zone. A negative slope is formed in the RSI, showing that the price can see lower levels in upcoming days.
Tron price has seen up to 17.70% growth on today’s trading session, and the TRX/BTC pair has seen a gain of 2.63%. One can wait until the price test the demand zone. An investor should do their due diligence before investing in TRX.