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TRON Price Analysis: The candles formed touching SMA-200.

  • The token has a 24 hours trading volume of 858,404,,913 and the gain by 12.11% was seen.
  • The pattern of belt hold bullish was seen in the last one hour timeframe.
  • The RSI oscillator shows the SELL action.

The coin has been running above its 50 days moving average and is just below its 200 DMA. The chart above shows the movement of coins with respect to SMA-20, SMA-50 and SMA-200. Along with it an RSI oscillator is also present. SMA-20 formed candles have almost touched SMA-200 and are taking support from SMA-50 in chasing it. The returns on an average have been 10-15% in the month of June. 

The volume/Market cap of the token is 0.182 and its market dominance is 0.33%. The token has shown the percentage change by 1.03% in the last 24 hours and marks the 24 high and low of 0.06818 and 0.06584 respectively.

RSI for the last 5 hours shows the value of 51.030 and marks the neutral action. MA-5, MA-10 shows the sell action whereas MA-20 shows the buy action. Bull/Bear with the power of -0.014 and shows the sell action.

The TRX-BTC pair is trailing at the level of 0.000001931 and the gain by 1.51% was seen whereas the TRX-ETH pair is trailing at the level of 0.00002913 and the low of 0.77% was seen in the last 24 hours.

Conclusion: The days range for the coin is 0.06582-0.06832 and presently is at 0.06634. The token at present is showing the neutral action and it is ready to be sold and bought depending upon the investors choice. The candles formed at present are red and it is expected that the token might go down so if you have received decent returns then you can sell.

Technical Analysis:

Pivot: 0.06701

R-1: 0.06760

R-2: 0.06796

S-1: 0.06642

S-2: 0.6606

(Note- The unit is USD)


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