Tron (TRX)
Tron (TRX)
Tron is on a three day gaining streak adding nearly 25% a week. The price exploded after breaking out of an ascending triangle pattern above the $0.14 level. The bulls are leading the trend at the moment due to which TRX price may continue to edge higher.
With the recent surge, Tron has claimed its presence in the top 10 cryptocurrencies by market capitalization with a live market capitalization of $14.38 Billion. The transaction volume has grown by 139% to $1.87 Billion a day.
Moreover, the volume to market capitalization ratio at 13.03% indicates high volatility. On the higher side, the $0.17 level may act as a supply which if breached may unlock TRX price path towards the major $0.2 level.
On the lower side, the $0.14 level may act as a support and try to halt the price if the price drops.
Tron is on a three day gaining streak adding nearly 25% a week. The price exploded after breaking out of an ascending triangle pattern above the $0.14 level. The bulls are leading the trend at the moment due to which TRX price may continue to edge higher.
With the recent surge, Tron has claimed its presence in the top 10 cryptocurrencies by market capitalization with a live market capitalization of $14.38 Billion. The transaction volume has grown by 139% to $1.87 Billion a day.
Moreover, the volume to market capitalization ratio at 13.03% indicates high volatility. On the higher side, the $0.17 level may act as a supply which if breached may unlock TRX price path towards the major $0.2 level.
On the lower side, the $0.14 level may act as a support and try to halt the price if the price drops.
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