- Tron (TRX) coin bounced back from $0.05952 to $0.06428 on Monday’s trading session
- The 24-hour volume in TRX is at $2,476,295,859 with a 30.92% decrease
- The TRX/BTC pair was trading at 0.000001116 BTC with a gain of 3.60%
The 4-hour technical chart of Tron (TRX) coin projects a bullish trend. According to pivot points, TRX’s critical support level is placed at $0.05952. Whereas if it moves up, the key resistance level to watch is $0.06718. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern representing bulls are now in control of TRX coin.
SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) is above the SMA-50 (white), which projects a bullish trend. The price is also way above SMA-100 (red). Investors may perceive a positive crossover in the SMA, and the price will also follow the positive trend.
RSI indicator (BULLISH), with a value of 66.80, indicates a buy signal in the coin. Moreover, Investors can see a positive slope in the index, and it may soar in future trading sessions.
Bulls In Favour Of Tron (TRX) Coin
Tron (TRX) coin price traded at $0.06428 with a gain of 5.68% in the last 24-hour. Furthermore, TRX price is in an uptrend for now and the trend remains in favour of bulls. In contrast, the market capitalization stands at $4.6 billion. Technically, investors can perceive a positive crossover in SMA. Moreover, the price movement can be above the resistance of $0.06718.