The crypto believers can expect some sort of price movements at least for the short term as the market has started witnessing mild uptrend. The market was busy carrying out correcting spree when the previous month ended. This month and the week have kick-started with a strong upside move noting a positive sign.
However, it is to be seen how long the uptrend remains effective as in the last few months, and the market is going through many difficulties. Firstly, Coronavirus threw the market in the bearish zone, and later uncertainty overpowered a majority of the coins’ strength.
Tron, the famous altcoin too, is not an exception when it comes to market volatility despite having a hold over the strong fundamental aspect. The last one week has been impressively bullish for the TRX coin as it stepped out of the sluggish area. The bullish breakout ushered the price above $0.017, with a rise of 14.19%.
Over the last 24 hours, the Tron coin has been through gradual pullbacks, which took the price as low as $0.015. Today’s bullish approach has caused the TRX price to climb above $0.16.
The technical indicators are showing an optimistic picture here. The current price of Tron is above the 200-day EMA line, while the MACD indicator too is on the upside.
/ 2 months ago
Justin Sun is known for being open about his critique, and the Tron CEO...