ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home Price Analysis

TRX Price Analysis: Mild Bullish Bias on TRX/USD As Price Stays in Range Past $0.0170, Crypto Exchange BTSE Lists TRON (TRX)

TRX/USD Increases in Value at $0.0175 at the Time of Writing

Tomiwabold Olajide by Tomiwabold Olajide
July 15, 2020
in Price Analysis
0
TRX
0
SHARES
23
VIEWS
Share on FacebookShare on Twitter

Due to the drastic potential loss in March 2020, TRX represents one of the leading, best known, and most widely traded cryptocurrencies globally. Often by market capitalization, it is among the top 20 cryptocurrencies. TRX has a total $1.2 billion market cap, with an estimated daily trading volume of $400 million. In the past 24 hours, the coin has risen by 2 percent and has held steady since the start of the day. A mild bullish bias on TRX/USD is evolving after the recent drop as price stays in range past $0.0170. TRX/USD increases in value at $0.0175 at the time of writing. The BTSE crypto-currency exchange added TRON (TRX) to the tradable Instruments list. The exchange users can now buy and sell TRX through BTSE’s All-In-One order book and fund their BTSE Debit Card with TRX. The card is universally recognized at more than 53 million merchants.

*In the past 24 hours, the coin has risen in 2 percent and has held steady since the start of the day
*A mild bullish bias on TRX/USD is evolving after the recent drop as price stay in range past $0.0170
*The BTSE crypto-currency exchange added TRON (TRX) to the tradable Instruments list

Key Levels
Resistance Levels: $0.0215, $0.0200, $0.0180
Support level: $0.0170 $0.0154, $0.0130

TRX/USD Daily Chart: Ranging

TRX/USD Daily Chart

TRX/USD is hovering at $0.0175 at the time of writing and struggling to smash through the horizontal resistance level at $0.0180 higher. Gains are likely to grow in the medium to long term with indicators such as the MA 50 rising beneath the price upwards. The MA 50 is above the lifting level of the MA 200, as bulls exhibit greater capacity than bears.

TRON may ultimately move beyond $0.02 if the optimistic technical context remains intact. And on the flip side, selling may intensify if prices were to fall beneath the near-by swing low at $0.0160 around the MA 200 where additional selling stops may be enabled. The bulls instead need to gain power beyond the resistance level of $0.0180 to maintain the resurgence upside activity.

TRX/USD 4-Hour Chart: Ranging

TRX/USD 4-Hour Chart

In the short time frame, TRON’s technical analysis shows that, once the established short-term trading range is broken, the TRX/USD pairing may launch a major breakout. On the 4 hours ascending trendline, the token has increased marginally, staying well supported on any dips.

If buyers break out through the $0.0180 technical zone, the TRX/USD may rally towards the $0.020 mark. Investors may consider that if bulls fail to move price beyond the horizontal resistance level at $0.0180, technical sellers may be incentivized towards $0.0170 and beneath. In its progress sideways the trend is increasing, displaying an intact range in the short term.

Note: Kryptomoney.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

Image Credit: Shutterstock

Tags: TRON CryptocurrencyTron Price AnalysisTRX/USD
Previous Post

SnapEx Unveils New Look and 30% Reduction in Trading Fees

Next Post

FXOro Review -The Digital Kings For Online Trading

Next Post
FXOro

FXOro Review -The Digital Kings For Online Trading

Recent Stories

Quickly

Financial Advisor Introduces Petition for the UK Government to Ban Crypto Transactions

January 15, 2021
LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

January 15, 2021
Bitcoin

Bitcoin Falls Below $35k Despite the Unveiling of Biden’s $1.9 Trillion Stimulus

January 15, 2021
cryptocurrencies

The Impact Of Cryptocurrencies On The Global Marketplace

January 15, 2021
What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Trading

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Bitcoin

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021
Ethereum

Google Data Reveals “Ethereum” Searches Hit All-Time High

January 14, 2021
BTC/USD

BTC Price Analysis: In a Return Rally BTC/USD Grinds Past $40,000 Amid Grayscale Bitcoin Purchase of $80M

January 14, 2021
Wunderbit Trading

Wunderbit Trading – Copy Trading Platform That Suits All 

January 14, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 36,171.00 6.91%
  • ethereumEthereum (ETH) $ 1,158.12 2.69%
  • tetherTether (USDT) $ 1.00 0.23%
  • bitcoin-cashBitcoin Cash (BCH) $ 482.92 5.54%
  • binancecoinBinance Coin (BNB) $ 40.80 0.17%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree