- The Trollcoin price has gained a 14.35% return during the weekly trading session.
- Oscillators are neutral, while the moving averages reflect strong negative signals.
- The trading volume of the TROLL is at $51.73 K in the last 24 hours.
Launched on March 14, 2014, Trollcoin (TROLL) is supported by a primarily anonymous community of volunteers around the globe. The coin was launched as a parody currency by an anonymous developer. It has grown into a Twitch and Twitter-targeted tipping service through its central managed platform. Trollcoin is a hybrid blockchain of Proof-of-work (PoW) Scrypt and Proof-of-stake (PoS), managed by Karl Wickman, based in Los Angeles.
Trollcoin Experienced Over 300% Returns During the Six-Month Session
On February 11, 2024, the Trollcoin price started a bullish rally from the $0.000000018 support level. The price surged over 270% while breaking above the $0.000000048 resistance. This move changed the TROLL price market sentiments to bullish.
Subsequently, the price made a bullish correction on the $0.000000036 decisional point of interest (POI) on February 21. It rallied over 220% and reached the $0.000000101 major supply zone. The price fell to the $0.000000056 bullish POI and failed to sustain.
It resulted in uncertainty in the trend, which reflected an opposing 63% rally to the $0.000000028 extreme POI. The price is getting bullish reactions from that level, which can lead to an upsurge.
Supply and Top Five Token Holder Wallets of the Trollcoin
Trollcoin has a total supply of 1.00 billion TROLL tokens. This project holds a fully diluted valuation of $501,414. 592 million TROLLs are circulating in the crypto market, with a current market capitalization of $421,957. The maximum supply of the tokens is still unknown, so it shouldn’t be considered a deflationary crypto asset.
Technical Analysis of the TROLL Coin
The short-term outlook lies below the 50-day and the 200-day exponential moving averages. The death crossover between the EMAs has reflected a bearish bias in the price. The 200-day EMA is acting as a dynamic resistance for the price.
TROLL coin price has gotten a bullish reaction from the $0.000000028 extreme demand zone. The price surged over 70% from that level and faces resistance from the $0.000000048 supply zone. Currently, it is retracing toward the $0.000000036 POI.
Regarding the technicals, the price can reach $0.000000078 if the buyers get enough push to close above $0.000000056. It can also attain the $0.000000112 level if the price forms impulsive bullish candles in the current sessions.
Furthermore, the relative strength index (RSI) reflected an internal bullish divergence in the spot price momentum. It indicates the increasing number of buyers in the current trading phase. RSI is moving at 54.62 below the signal line.
Summary
Trollcoin price has been performing with bullish sentiments since February 2024. The cryptocurrency gave an impressive return of over 300% in the last six months. However, the price faced some drawbacks from the $0.000000101 supply in early March 2024. The current price is trading at $0.000000041. As far as the technicals are concerned, the Troll price can reach $0.000000078 if it gets enough push from the buyers to close above $0.000000056. It can also attain the $0.000000112 level if the price forms impulsive bullish candles in the current sessions.
Technical Levels
- Resistance Levels: $0.000000056 and $0.000000101
- Support Levels: $0.000000036 and $0.000000028
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.