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TRON coin Price Analysis: A dip has recently formed till $0.07871

  • TRX candles showing retracement from $0.0787 to $0.094.
  • TRON ran mixed in the past 30 days, returns vary. 
  • RSI for TRX shows the BUY action.
Tradingview

The token has been forming the pattern of three inside up. TRX sank by 2.56% on Thursday. Following a 2.64% gain on Friday, TRX ended the day at 0.09302. The last known price of this coin is 0.09470 to 2.56% gain compared to yesterday. 

A mixed start for the day saw TRX fall to an early morning intraday low of $0.091460 (Till time) and it is expected to sink more and mark an intraday low. However, the reverse went to 0.09674

It has the current trading volume(s) of 1,735,509,726 with a low of 47.52% over the last 24 hours. The trading volume has gone through a nearly 12% change in it since yesterday. 

TRON has the addresses of 74,325 holders with the active address(es) of 759,049 in the last 24 hours. The circulating supply of tokens is 71.66B TRX coins and a max. supply is not mentioned.

SMA-20, SMA-50 and SMA-200

The chart above shows the movement of TRON where 20 SMA have been running above the one SMA’s (SMA-200) and below the other (SMA-50). We see the token with respect to SMA’s which are 20, 50 and 200. 

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 59.163 and marks the buy action. 

MA-10 and MA-20 and MA-50 show the buy action and MA-5 and MA-100 show the sell action. However, the TRX at present is all set to buy for intraday trading.

The bull/bear power has the value of 0.0012 and shows the buy action. The high/low marks the buy action with the value of 0.0009.

The TRX-BTC pair is trailing at the level of 0.000002027 and the gain of 1.64% was seen whereas the TRX-ETH pair is at 0.00002734 and the gain of 3.66% was seen in the last 24 hours. The volume/market cap of the token is 0.2557 and its market dominance is 0.32%.

Conclusion: 

We are seeing a mixed pattern where higher highs and lower lows are seen. Also, major dips and rallies are seen. So sell the token if decent returns are acquired. Although you can still hold the token for a day as there are chances of getting the token higher.The days range for the coin is 0.09002-0.09581 and presently is at 0.09457. The 24 hours high and low of the coin is 0.09577 and 0.09041 respectively.

The TRX ATH is 0.3004 and ATL is 0.001091.TRX ROI (approximate return on investment if purchased at the time of launch) is 4476.56%. This is just an assumption. Long the token by the decision of your own thoughts.

Technical Instruments:

Pivot: 0.09465

R-1: 0.09493

R-2: 0.09511

S-1: 0.09437

S-2: 0.09419

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour

 

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