When the cryptocurrency market generally begins to recover, TRX (TRX) appears bullish, with a value of more than one million dollars of traders about to liquidate. Since the beginning of February 2024, TRX has been moving in a parallel channel style between $ 0.22 and $ 0.25.
TRX current price momentum
However, TRX is currently trading near $ 0.223 and has been stable over the past 24 hours. During the same period, the trading volume decreased by 15 %, indicating that traders and investors are more frequency in participation compared to the previous day.
Excessive trading in situations
Data from the analysis company on the series Coinglass It revealed that merchants are currently being overlooked at $ 0.2167 on the underside, believing that the price of assets will not be less than this level. It currently holds $ 4.30 million in long positions.
Meanwhile, $ 0.2257 is another level of the record, as traders who bet on the declining side occupy $ 2 million of short positions, believing that the price will not exceed the level of $ 0.2257.
Given the current market situation, the TRX price appears to move up and seem to be ready for a nearby crowd.
Tron (TRX) work prices and upcoming levels
Amid uncertainty in the last market, the original reached the lowest level of the canal style and it seems that it is united. According to expert technical analysis, TRX is about to go up the bullish presence, but the gathering will start only once the original comes out of monotheism.
Based on the modern procedures for prices and historical momentum, if the original explodes from monotheism and closed a daily candle higher than the level of $ 0.225, there is a strong possibility that it may rise by 11 % to reach $ 0.25 in the coming days.
Despite the constant struggle, the origin remained higher than the Si -moving average (EMA) on the daily time frame, which usually indicates the trend of ascension instead of the declining direction.
