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Saturday, September 25, 2021

Tron [TRX] says sayonara to the bear as the bull makes a grand entry

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The crypto-verse was noted exerting a mixed notion. While coins like Tron [TRX], Ethereum Classic [ETC], and several others were enduring a downfall, the top five assets were seen bagging gains. Dogecoin [DOGE] and Ethereum [ETH] were seen as contributing to the overall market cap of $2.43 trillion.

Tron [TRX], however, fell back in terms of market cap as it dipped down to the 19th rank. TRX climbed the crypto ladder a couple of days ago, but it was quick to fall back. TRX’s market cap was $10.88 billion at the time of writing.

Additionally, the altcoin was trading for $0.15 with a 6.69% dip in the last 24-hours, during press time. Justin Sun’s coin had a good run throughout the week as it bagged gains of over 16%.

Tron [TRX] One-Hour Price Chart On Binance

Tron

The short-term price chart of TRX noted maximum bullishness. The Awesome Oscillator indicator rolled out green closing bars pointing out the presence of the bulls. Earlier today, the MACD line took over the signal line and formed a bullish crossover. After spending an entire day with the bears, this trend reversal in the TRX market seemed to be beneficial for the altcoin.

A lot of sellers’ activity was noticed in the one-hour price chart of TRX, the Money Flow Index indicator asserted.

Tron [TRX] One-Day Price Chart On Binance

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The one-day price chart of TRX was echoing the sentiment noticed on TRX’s short-term chart. The Parabolic SAR indicator laid out dotted lines below the candlesticks stopping the altcoin from dipping. The Chaikin Money Flow indicator managed to retain itself over the zero median which in turn announce the presence of bulls in the TRX market.

Contrary to the notion found in the short-term chart, the Relative Strength Index indicator suggested that the buying activity in the TRX market was higher than the selling activity.

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