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Tron [TRX] To Retain Bulls In Its Market As The Coin Eyes $0.2

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All the assets in the crypto-verse were noted riding the bull. Tron [TRX], XRP, Cardano [ADA], and several others were bagging double-digit gains in the last 24-hours. While the overall market cap of the crypto industry stood at a high of $2.16 trillion, Bitcoin continued to rise against all odds. The king coin was making its way onto $65K. Binance Coin [BNB] on the other hand was aiming for $1K as its price rose from a low of $65 to $577, during the time of writing.

Tron [TRX] made news after its price as well as market cap recorded significant growth. The market cap of the altcoin grew to $10.40 billion, pushing the rank of the asset to 16. During press time, TRX was trading for $0.150 as it witnessed a 15% surge over the last 24-hours. The last couple of days seemed quite beneficial for the altcoin as it bagged 13% gains.

Tron [TRX] Four-Hour Price Chart On Binance

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The short-term price chart of TRX was seen inclining towards the bulls. All the indicators used on the four-hour price chart of the cryptocurrency were positive of a potential surge. The Awesome Oscillator indicator with green closing bars announced the presence of bulls in the TRX market. Furthermore, the Chaikin Money Flow [CMF] indicator was noted residing in the bullish arena.

The Money Flow Index indicator was headed towards the overbought zone. However, the indicator affirmed that strong buyers’ sentiment had taken over the market.

Tron [TRX] One-Day Price Chart On Binance

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The one-day price chart of TRX mirrored a similar sentiment as noted in the short-term chart of the coin. The Parabolic SAR indicator declared a bull market as it laid out dotted lines below the candlesticks. This further depleted the chances of a downward breakout. The MACD indicator formed a bullish crossover back in March and seemed to have retained it.

Additionally, the Relative Strength Index indicator announced that TRX was being overbought as the marker was close to hitting the 80 median.

Tron [TRX] Could Soon Be Making Its Way Onto $0.2

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Volatility had taken over the crypto-verse. While almost all the coins were seen on an uptrend, Tron [TRX] was probably the only asset recording dainty changes in its price. Binance coin [BNB] was undoubtedly headed towards $500 as the altcoin witnessed a 12% surge in the last 24-hours. The price of Bitcoin [BTC] was finally recovering and was trying to make it onto $59K. Despite this, the dominance of the king coin over the market was at a low of 55%. The overall market cap of the crypto industry was once again at $1.99 trillion.

Justin Sun’s cryptocurrency, Tron [TRX] observed significant growth in terms of price as well as market cap. TRX was close to hitting the 30th position on CoinMarketCap’s list, however, over the last couple of days, the altcoin rose in terms of market cap. With a market cap of $8.49 billion, TRX currently stands as the sixteenth largest coin. At the time of writing, TRX was trading for $0.118 with a 0.26% drop in the last 24-hours. This week seemed to be extremely beneficial for the altcoin as it bagged 31% worth of gains.

While the asset still has a long way to its all-time high of $0.30, the entrance of the bulls into its market could fasten the pace.

Tron [TRX] One-Hour Price Chart On Binance

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The Awesome Oscillator indicator used in the short-term price chart of TRX exhibited bullish signs with the formation of red closing bars. However, these bars were rather dainty. The MACD indicator mirrored this sentiment by going in for a bearish crossover. The Relative Strength Index [RSI] was noted in the sellers’ arena as the marker was below 50 median.

Tron [TRX] One-Day Price Chart On Binance

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With dotted lines below the candlesticks, the Parabolic SAR indicator used in the one-day price chart announced the presence of bulls in the TRX market. The Chaikin Money Flow indicator was over the zero median exerting strong bullish momentum. The Money Flow Index [MFI] indicator revealed that TRX was being overbought.

Tron [TRX] Resuscitates Bullish Impulse; Eyes $0.2 Barrier

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Tron [TRX] alongside several prominent altcoins started off the week with a fresh increase pushing the collective market cap to $2 trillion. The renewed momentum catapulted the crypto-asset to the 16th spot on the leaderboard indicating an intense bullish sentiment in the TRX market.

Further validating the astonishing price rise was the gains of 104.4% amassed by the token over a period of seven days.

At the time of writing, Tron [TRX] was being traded at $0.131 with a market cap of $9.57 billion. Over the past 24-hours, however, the crypto-asset noted a decline of more than 3% as it registered a trading volume of $10.80 billion over the same time frame.

Tron [TRX] Daily Price Chart:

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Tron [TRX] underwent a parabolic rise to levels last seen during the 2018 bull run. It has hit a major resistance, upon breaching which could make the crypto-asset target its ATH levels.

The upward-sloping 50 DMA [Pink], as well as the 100 DMA [Blue], continued to support the TRX price candles from damaging declines. Also, the rising volatility further defended the positive structure. Hence, it is important to note that if the bulls manage to hold this level of support, the price could target the token’s peak levels due to the lack of prominent barriers.

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The long green closing bars of Awesome Oscillator depicted a strong bullish momentum in Tron’s price. The MACD also indicated a phase of intense buying demand in the market.

The RSI was still hovering in the overbought region depicting a sentiment of buying pressure among the investors in the TRX market.

According to the above charts, the crypto-asset’s price action continued to remain intact in the bullish territory despite the short-term declines. Hence, if the TRX bulls manage to provide the climb with fresh footing, it could target its nearest resistance of $0.201 and $0.223.

Supports levels, on the other hand, stood untested at $0.1, $0.06 and $0.047 respectively.

Justin Sun Wins Bid For TIME’s NFT at 117 ETH

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NFT has taken the world by storm. In yet another development, Tron Founder, Justin Sun announced that he is the winner of TIME Magazine’s iconic “The Computer in Society” cover as a non-fungible token. According to the website, Sun made an offer of 117 ETH around $210 on the Ethereum-powered NFT marketplace called ‘SuperRare’ by artist Boris Artzybasheff, which was accepted by TIME.

Sun is all set to deploy the token in his recently unveiled JUST non-fungible token Fund and issue the cover as a TRC-721 token on the Tron blockchain. His tweet regarding the same read,

“I’m thrilled to announce I’ve won the bid on TIME’s The Computer in Society – April 2nd, 1965 NFT!! This is the first time the computer was mentioned on the cover of TIME! I’ll put the NFT in JUST NFT Fund & issue this on TRC-721 on TRON network.”

For the uninitiated, “The Computer in Society” was the first-ever TIME cover that was dedicated to the computerization of the workplace. It was first published nearly fifty-six years back on the 2nd of April, 1965.

Justin Sun’s Tryst With NFTs

Non-fungible tokens, which are essentially representations of a physical or digital object on the Ethereum [ETH] blockchain, have become one of the hottest trends in the blockchain and crypto markets. This is not the first time Justin Sun has shown his continued interest in non-fungible tokens.

Recently, Sun had launched a fund for top-notch non-fungible token art that will only accept art pieces with a price tag of a minimum of $1 million.

A couple of weeks back, the Tron Founder almost won a record-breaking bidding war for a digital artwork by Beeple in Christie’s Auction. before narrowly missing out. Sun’s $60 million bid was trumped at the last minute when another came in to bet at $60.3 million. Following this stint, Tron Foundation exec won another $6 million Beeple in ‘Green’ NFT Auction.

Tron [TRX] Achieves Yearly High Of $0.09 Following A Daily Surge Of 29%

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Tron [TRX] was undoubtedly the star of the crypto show with a whopping 29% rise in the last 24-hours. The price of the altcoin even surged to a high of $0.096. However, at the time of writing, the asset witnessed a retracement which further caused the price of TRX to drop to $0.085. The last seven-days seemed to be beneficial for the asset as it bagged gains over 61%. The market cap of the asset also rose to $6.27 billion which further helped Tron [TRX] climb up the crypto-ladder and secure the 20th rank.

Additionally, the entire crypto market was seen mirroring a similar trend. The overall market cap of the crypto industry was at $1.90 trillion further making its way onto $2 trillion.

Tron [TRX] One-Hour Price Chart On Binance

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Unlike the ongoing sentiment in the market, the short-term price chart of TRX exhibited a bearish notion. The Parabolic SAR indicator formed dotted lines over the candlesticks subsiding the chances of an upward breakout. The MACD indicator imitated this predilection and went on to form a bearish crossover. Just today, the MACD line seeped below the signal line.

The Money Flow Index [MFI] indicator was in the buyers’s area despite the ongoing bearish trend in the TRX market.

Tron [TRX] One-Day Price Chart On Binance

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Justin Sun’s cryptocurrency, TRX revealed that it was going to preserve the bullish trend unlike its short-term price chart. The Bollinger Bands indicator was diverging and affirmed that it would continue doing so. This further indicated an increase in volatility. The Awesome Oscillator indicator formed big bold green closing bars and suggested that the bulls were in its market. The potential surge in volatility could be extremely beneficial for the altcoin.

The Relative Strength Index [RSI] indicator announced that the altcoin was being overbought as the RSI marker was over 60 median.

Furthermore, the persistence of this trend could help the coin achieve $0.1, however, the bears in the short-term price chart could deter this growth.

Tron [TRX] Sees Renewed Push; Prepares To Break Above $0.06

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Tron, TRX has managed to rake in more than 10% in weekly gains even as the wider crypto market continued to trade sideways. The latest price action has catapulted the token to rise up to the 23rd position briefly before falling one spot lower as volatility in the coin market ensued.

It pumped significantly higher in the past week, as opposed to other tokens, as the foundation published NFT standard details.

Tron rose by 2.02% over the last 24-hours following an increase in terms of its trading activity as volumes soared to $1.83 billion during the same time frame. The crypto-asset was trading at $0.0655 while holding a market cap of $4.76 billion, at the time of writing.

TRON [TRX] Daily Price Chart:

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Tron [TRX] resumed its upward trend after recovering from the late-February pullback to climb to new multi-year highs even after a short-lived tryst with the bears.

The upward sloping moving averages also aligned with the ongoing bullish sentiment as both 50 [Pink] as well as the 100 DMA [Blue] hovered quite the TRX price candles establishing crucial support points.

Buying Pressure Intensifies

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Tron’s technicals have gained considerable traction once again. Even during the time of high volatility, the long green candles of Awesome Oscillator depicted continued bullish momentum. The OBV continued to register higher highs as buying pressure steered the price north from levels last seen during the recent correction.

The RSI pointed north of the 65-level and depicted a strong buying pressure among the investors in the market. However, the crypto-asset still has a long way to go before it shoots up to the overbought zone. This was essentially indicative of the fact that the bullish momentum might not falter under current circumstance.

As depicted by the charts, the immediate targets for the bulls resided around the $0.089-mark, while the next one was at $0.092 respectively. The support levels, on the other hand, rested at $0.054, $0.0449, and $0.027.

Tron [TRX] Eyes $0.07 Level After Almost 3 Yrs

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Tron, [TRX], saw a major breakthrough last weekend amidst market-wide pullback. It rose to the 21st-position on the leaderboard after weeks of struggle to lift its price up. It rose by more than 30% over the past week which facilitated in steering clear of several crucial resistance levels by the crypto-asset.

The latest surge was accompanied by Hollywood Actress Lindsay Lohan’s endorsement, as well Tron Foundation publishing its own NFT standard details over the week.

Over the last 24-hours, Tron [TRX] was up by 7.31% which catapulted its price to $0.064. At the time of writing, the cryptocurrency held a market cap of $4.63 billion and a 24-hour trading volume of $2.404 billion.

Tron [TRX] Daily Price Chart:

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Tron’s price was currently in a highly volatile phase following the price movement. Despite forming a multi-year high, the crypto-asset was still below its ATH established during the bull run of early 2018.

The rising price candles were was supported by the 50 and 100 daily moving averages which were also sloping up Further validating the presence of bulls was the fact that the 100 DMA [Blue] continue to lay low and was well below the 50 DMA [Pink] as well as the TRX candlesticks.

Super Bullish Technicals

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The Chaikin Money Flow was in a positive territory above zero depicting an inflow of capital into the coin market.

The OBV also indicated the steadily growing demand behind TRX since its drop in late Feb. It has been trending higher since which would aid in the token’s recovery towards previously established high and possibly closer to breaking to a new ATH this season.

The RSI also rose closer to the overbought zone indicating a rising sentiment of buying pressure in the TRX market as the price rose.

The above charts depicted that bulls have an edge in Tron’s price and a significant room for further highs. In which case, $0.072 and $0.080 were found to be immediate resistance levels. However, this positive assumption could be negated if TRX turns down and breaks below the moving averages. Such a move could drop the crypto-asset to target its nearest support levels of $0.05 and $0.045 respectively.

Tron [TRX]: Strong Buyers’ Sentiment Remains Intact As The Altcoin Booms

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The bulls had found a way back into the crypto market. Justin Sun’s Tron [TRX] was seen spearheading this with a 17% surge in its price in just the last 24-hours. At the time of writing, TRX was trading for $0.064. The asset had a hard time moving past $0.05, however, the last week helped the coin move beyond this number. The market cap of the altcoin witnessed a major downfall over the last couple of months. Just when new coins started emerging with regard to market cap, TRX slumped down to the 25th position. During press time, TRX’s market cap was noted at $4.61 billion.

All the other cryptocurrencies were riding the bulls. Bitcoin [BTC] was seen trying to get back over $60K. The overall market cap of the industry was at a high of $1.83 trillion. Additionally, BTC was raging to a high of $1.10 trillion.

Tron [TRX] One-Hour Price Chart On Binance

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The short-term price chart of TRX was exhibiting signs of bears. The Awesome Oscillator indicator was rolling out red closing bars further instigating the presence of the bears in the TRX market. The Relative Strength Index was seen on a parabolic momentum. The altcoin was being overbought, the Relative Strength Index indicator announced.

While this could stagger the growth of the asset, the long term price chart restored hope in the market.

Tron [TRX] One-Day Price Chart On Binance

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The one-day price chart of Justin Sun’s coin suggested that the bulls were dancing in the market. The Parabolic SAR indicator laid out dotted lines down below the candlesticks exerting a bullish sentiment as these lines stood as a line of support. The Chaikin Money Flow indicator was above zero which again revealed that the bulls were in the TRX market.

The Money Flow Index indicator was noted in the buyers’ arena. These signs could help the altcoin reach a high.

Tron’s [TRX] Short-term Plunge Imminent As Price Fails To Capture $0.053

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With nearly 3% weekly gains, Tron [TRX] saw a consolidated move as it attempted to break free from the prolonged downside pressure. Despite the renewed interest, the crypto-asset’s breach of the next ceiling appears bleak.

Long-term Tron investors have continued to use declines in a strong uptrend to stack more coins. The short-term investors, however, are fixated on amassing profits.

This was noted by the swift price correction of the crypto-asset which was still down by 1.21% over the past day. Tron [TRX] was currently trading at $0.051 as it further dipped on the cryptocurrency leaderboard.

At the time of writing, Tron registered a market cap of $3.68 billion and a 24-hour trading volume of $1.3 billion.

Tron [TRX] Daily Chart:

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Tron [TRX] has maintained a steady uptrend after late Feb’s massive correction. The accession near the recently formed multi-year high did not face much rejection. However, it depicted signs of turning down after establishing a local top. This was indicative of a short-term price weakening as some market participants sold their coins.

The moving averages, however, aligned with the bulls. The 50 DMA [Pink] continued to hover below the Tron price candlestick arrangement and well above the 100 DMA [Blue].

Trouble For Tron?

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Much like the short-term depictions, Tron’s long-term prospects did not appear to be super-bullish, as well.

The closing bars of the Awesome Oscillator, for instance, has flipped red after declining for a period of two weeks. This evidenced the emergence a bearish momentum following the latest pullback in the TRX market.

The MACD was also not backed by the chances of a favorable outcome as it underwent a bearish crossover.

The RSI noted a minor decline after a consistent surge. However, it was still above the 50-median line despite a rising sentiment of sell-pressure in the TRX market.

In case of a market downturn, crucial supports points for the crypto-asset stood at $0.045, $0.035 and $0.027. Its upward targets were found to be at $0.053, and $0.061 respectively.

Tron [TRX] Picks Positive Long-term Cues Despite Risk Of Dip Near $0.044

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Tron [TRX] was pushed to the 26th spot on the cryptocurrency ladder by market cap despite amassing gains of nearly 11% over the last 7-days.

After opening above $0.053 on the wee hours of 9th March, the crypto-asset’s price underwent minor correction. Currently, Tron was trading at $0.052 after a choppy intraday despite a 24-hour rise of 3.51%. It recorded a market cap of $3.79 billion and a 24-hour trading volume of $1.81 billion, at the time of writing.

However, TRX was on a path to recovery on the back of a broader market rally. Hence, the market-wide renewed bullish impetus can potentially aid Tron to recover the losses.

Tron [TRX] Short-term Chart:

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Tron’s [TRX] recovery over the past two weeks took a shape of a rising wedge. As per convention, the the pattern formation could result in a bearish breakout upon completion.

Hence, it can noted that the short-term prospect for the crypto-asset does not look optimistic.

Long-Term Picture: Buy Signal Emerges Again

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Upon zooming out, it was found that the long-term odds are in favor of the bulls. The MACD, for instance, was heading towards a clear bullish crossover after being stuck on the negative zone since the crash of two weeks earlier.

The On Balance Volume [OBV] also rose which suggested that buying pressure was a major contributing factor for the price appreciation.

Further validating the rise in buying pressure among the traders of the TRX market was the RSI which demonstrated less selling at the current price level.

The above charts depicts a potential short-term drop which could materialize prior to the continuation of the uptrend. If Tron steers clear of $0.055-level, it could attract more gains.

In this case, the crypto-asset could target the immediate resistance of $0.060 followed by $0.064 if the strong trading volumes continue to back the price.

If the short-term bearish reversal comes into play, Tron could fall to its nearest support level of $0.044. The crypto-asset found significant supports at levels $0.035 and $0.028 respectively.