Although the continuous uncertainty in the market, TRX (TRX) makes waves in the cryptocurrency market as it increases its impressive prices. However, this increase comes at a time when major assets such as Bitcoin (BTC) and Ethereum (ETH) and others are suffering from a decrease in prices.
Current price momentum
TRX is currently trading near $ 0.235 and recorded a 2.56 % price increased over the past 24 hours, and the market trend challenged. However, during the same period, the trading volume decreased by 42 %, indicating that investors and traders are still reluctant to participate in assets with the continued low morale in the market, with continued prices.
Technical analysis TX and upcoming levels
With this upscale momentum, the market condition appears to be transformed the general trend of TRX. According to Coinpedia’s technical analysis, TRX recently erupted from the upper and rising style of the pole and prepares for the huge upscarcase.
Besides this penetration, the bullish trend is still strong as TRX took a decline from the level of 38.2 % in Fibonacci, indicating a strong and momentum direction. Based on the movement of recent prices and historical patterns, if TRX maintains itself more than $ 0.234, there is a strong possibility that the original will rise by 12 % to reach a level of $ 0.255 in the coming days.
However, this level represents the upper limits of the Tawheed area where TRX was traded on a higher time frame. If the original reaches this level and successfully closed a daily candle of more than 0.255 dollars, there is a strong possibility that a price leap may witness more than 20 %.
Excess levels (TRX)
At the time of the press, merchants excessive At a level of $ 0.226, with long jobs worth $ 4.30 million. Meanwhile, $ 0.24 is another excessive level, as traders are betting on the short side as well.
Given the current market morale, traders seem to be rising, and the price may rise soon, which may explain the long centers worth $ 4.30 million at the level of $ 0.226.
