- TRX price is currently in a downtrend and may hit the lower support of $0.04 in the future.It is trading with a gain of more than 3% in the intraday session
- TRX price technical indicators suggest a bearish momentum for upcoming weeks . Meanwhile TRX/BTC pair is observing a loss of 1.67% in the intraday session.
TRX coin price is currently seeing a downtrend and can hit a lower support of $0.04 . Tron price is currently trading near the value of $0.53 with a gain of more than 3.5% in the intraday session. Resistance for the Tron price while going upside can be observed near $0.1. The support region on the downside in the price can be seen near $0.04 .TRX price is currently trading below the 50 and 100 Days Moving Average, with a negative crossover in the past. The 50 DMA (RED) line is near $0.064, making it a temporary resistance zone for the price. TRX coin price can observe a new high being formed in the future. TRX/BTC pair can also see a strong uptrend in the upcoming days. One can invest in Tron as per their risk capacity.
TRX coin is currently down by more than 88% from it’s all time high. It has a market dominance of more than 0.29% and is ranked 25th in the CMC. Volume to market capitalization ratio of the TRX is near 0.2076 hinting towards a downtrend in price. If the ratio goes above 0.8 then a strong upside momentum can be seen in the future.
Technical Indicators Suggests A Downtrend Momentum In TRX Coin Price
The weekly technical chart of the TRX coin suggests a downtrend in the price for upcoming days. The coin price has seen a loss of more than 4% in the weekly time frame. On the daily chart, the price is observing a downtrend. There is a formation of downtrend parallel channel on the daily chart. If the price of the coin jumps above the parallel channel then a strong uptrend can be seen .TRX/BTC is currently observing a downtrend and can soon revert to the uptrend.
TRX coin price is currently seeing a downtrend but can soon see a new highs being formed TRX/BTC pair is currently in a slump but can soon see an uptrend.