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The lateral movement of the cryptocurrency market has been widespread for a long time, leaving many users and investors wondering when a change in trend will occur. The up and down movement has not spared crypto-currencies, including Bitcoin. [BTC], XRP and Tron [TRX]. Tron, who is pleased with his announcements of continuous updates, also has the summit niTron as a source of joy.
1 hour
The one-hour chart for Tron shows cryptocurrency rising after an economic slowdown to settle for continued lateral movement. The uptrend lifted the price from 0.0215 to 0.0244 dollar, while the support stood at 0.0213 dollar.
the MACD indicator has undergone a lull with the signal line and the MACD line moving like a Siamese pair. The MACD histogram is a sporadic mixture of bearish and bullish signals.
the relative strength index it's crashed into the overbought area after staying in the overbought area for a while. This indicates a reduction in buying pressure and an increase in sales pressure.
One day
Tron's one-day chart shows a rise in prices that allowed the cryptocurrency to extricate itself from the bear pit. The initial downtrend lowered prices from $ 0.0243 to $ 0.013, while the subsequent upward trend pushed the price to $ 0.0287. Long-term support stands at $ 0.0117.
the Chaikin flow The indicator has collapsed below the zero line, indicating that the capital entering the market is less than the capital leaving the market.
the Awesome Oscillator showed a climb on the cards after becoming almost negligible. The increase in the graph is also indicative of the growing momentum of the market.
Conclusion
The indicators mentioned above all take the side of the bear with a lack of bullish movement for Tron. The charts also reinforce the case of lateral movement as investors' sentiments do not seem to change anytime soon.
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