- The derivative trading volume of the TRON crypto has increased in the last 24 hours.
- The TRON crypto price has given a return of 93.6% in the last year.
Tron is a decentralized platform on Ethereum that supports smart contracts and dApps. It was created by H.E. Justin Sun, who also acquired BitTorrent and Poloniex. TRX is the native token of Tron, which is used for fees, staking, voting, and DeFi services.
The TRX crypto has a market cap dominance of 0.615% and holds the current market cap rank of #11. The crypto made an all-time low of $0.00180434 on Jan 05, 2018.
Tron has processed more than 6.7 Billion transactions and the current block height is 56.848 Million. It has a total number of 198.339 Million accounts leading to the transfer amount of $9,784.38 Billion for core tokens.
Tron Token Contract Overview
The number of TRON token holders has increased in the last few days resulting in 4,438. This has resulted in total transfers of 17.8K. The most recent transfer has declined to 525,715 TRX resulting in a transfer count of 75.
TRX Technical Analysis
The TRX crypto price is rising from the lower levels, forming new highs on the charts. Followed by the most recent price action, the TRX crypto price is consolidating at higher levels.
TRX/USD Live Chart by TradingView
The TRX crypto price is constantly rising to higher levels, taking support at the EMAs. Following this, the 50-day and the 200-day EMAs are forming a golden cross. advancing to higher levels with the crypto price.
The MACD lines are also above the zero level and are indicating a possibility of retracement in the price. Despite this, until the MACD and signal lines are above the zero level the price might continue to advance following the uptrend.
Conclusion
The TRX crypto exhibits strong bullish momentum, supported by a rising price consolidating at higher levels. Key indicators, such as the golden cross formation and MACD lines above zero, suggest a sustained bullish trend. Investors may find potential opportunities in TRX’s upward trajectory.
Technical Levels
- Support levels- $0.04510 and $0.07450
- Resistance levels- $0.1240 and $0.1840
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or