Cryptocurrencies: 6460 / Markets: 48001 Market Cap: 24h Vol:
Cryptopolitan
2021-09-25 03:37:14

Tron price analysis: TRX hits crucial resistance at $0.1, will bulls consolidate?

TL;DR Breakdown Tron went up 13 percent on intra-day trade to hit the crucial resistance point of $0.1Bulls looking to consolidate in a recovering crypto market where TRX could hold above $0.12Trading volume decreased over 22 percent for TRX as price pushed up Tron price analysis for the day highlights a recovery for the token past its resistance point of $0.1. TRX increased more than 13 percent over the past 24 hours to go as high as $0.1006 and sits at $0.098 at the time of writing. The uptrend comes in timely for Tron, following a spell of bearish behaviour since Justin Sun tweeted a teaser about something big coming up at TRX earlier in the month. Price slipped as low as $0.07 and has been struggling to consolidate since. The only worrying sign in the current market is the declining trading volume, that slipped over 22 percent over 24 hours. The larger cryptocurrency market recovered from losses suffered earlier in the week, led by Bitcoin’s revival of over 3 percent to go back past $44,500. Ethereum pushed past $3,100 with a 4 percent increase as Altcoins also showed significant recoveries. Dogecoin went up 13 percent to sit above $0.21, the same as Cardano that increased past $2.2. Ripple recovered over 15 percent at $0.99 and Polkadot upped a massive 20 percent to go above $32.2. Tron price analysis: Cryptocurrency heat map. Source: Coin360 TRX/USD 24-hour chart: Bullish Engulfing pattern forms as traders ente...

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