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Tron Price Analysis: TRX Bulls Eyeing Fresh Increase

While major cryptocurrencies are slightly stepping towards a bullish trend after a recent loss. The leading cryptocurrency Bitcoin is still hovering between $11K to $12K. Many altcoins are still in the race of bullish wave. At the time of writing, the cryptocurrency with slight growth among the top 20 crypto market is Tron with 2.98%  spike. 

Since past 2 days, TRX price showcased an extremely bearish wave the price fell from $0.024 to $0.020. Yesterday, the price surged up to $0.21. TRX remains in an unstable market, a price surge is more likely to play out.

At Press time, Tron price is increased by 2.18% against the USD, trading at $0.022284. In terms of TRX/BTC, the price is down by -0.63% trading at 0.00000187 BTC.

The coin is holding the market cap of $1,485,945,152  with$478,944,889 24 hour volume and 66,682,072,191 TRX circulating supply.

However, for an upsurge, the Tron price is likely to meet the nearest resistances at $0.028, $0.030, and $ 0.032. Moreover, A down surge could slope down the market to $0.018, $0.013 and $0.0.11 supports after a possible break at $0.017.

 The RSI indicator is trading in sideways and moving below the 40-level, showing an indecisive movement. The MACD indicator has turned bullish and continues to issue a buy signal.

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Nidhi Kolhapur

Nidhi is a passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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