- TRX token price remains sideways during the intraday trading session
- Trading price of the TRX/BTC pair is 0.00000190 BTC, a decrease of 1.1%
- The 24-hour trading volume is at $982 Million
Daily technical chart of the TRX token price lacks momentum and stays flat during the day. According to Fibonacci Bollinger Bands (FBB), TRX’s crucial support level is $0.0598. On the other side, if it moves up, the necessary resistance level is at $0.0854. Thus, while the intraday chart completes a bullish harami candlestick pattern, projecting prices may soon reverse to the upside with ordinary reliability.
Supertrend (bearish) indicator issued a sell signal on April 25, intimating that the currency is down. In addition, investors may notice that the price is below the red Supertrend signal, so it will guarantee the downtrend of TRX until the price stays below the red Supertrend.
Volume of (3.156M) is beneath the MA of 20-days (17.21M). Buying pressure is very low in Tron, making its price remain sideways. Investors may also recognize descending volume bars in the chart, which indicates a big move is expected in upcoming trading sessions.
MACD indicator gives (bullish) crossover above the signal line on June 26, indicating a buy signal in the coin. Moreover, Investors can see faded tiny green bars in the Histogram index.
TRON (TRX) Token Shows no Signs of Positivity
The price of TRX token is $0.0657, a gain of 1.1% in 24 hours and a weekly loss of 3.1%. In contrast, the market value is 4.714 billion US dollars. Technically, investors can notice that the price is consolidating. Therefore, the MACD indicator indicates a buy signal. However, on the token, trading volume is very low. In addition, price movements may remain flat in future trading hours.
Resistance level: $0.0854
Support level: $0.0598