• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / Opinion / Tron Price Analysis
price analysis1

Tron Price Analysis

November 5, 2018 by Alex.K

At the time of writing, Tron [TRX] is growing by 3% and is trading for $0.023. The total market cap TRX is $1.54 billion, with a 24-hour market volume of $87 million. A majority of TRX’s trade volume is held by BitForex, with transactions totaling $21.074 million worth of TRX. BitForex is closely followed by Rfinex, covering $13.136 million of all the TRX trade.

chart2

The Bollinger bands look to be converging which indicate that we are still in a bear market. The Bollinger clouds on the other hand have expanded greatly, which may indicate a future entry in the bull market.

trx 1 day

The Relative Strength Index has been stable, close to the middle, which indicates an equilibrium between the buying/selling pressure. TRX, during its spike on November 3rd had started to climb towards the overbought zone after which the change in the investor sentiments bought it back down to the middle of the graph.

TRX price increase can also be explained by recently when Justin Sun’s announced that TRX will be listed on Bestex, United Kingdom based global digital asset spot trading service provider. Sun tweeted:

“#TRON will be listed on Bestex (http://www.bestex.io ), a global digital asset spot trading service provider founded in December 2017 and based in the UK. TRX/USDT will be available on November 16, 12:30pm (SGT). $TRX #TRX.”

 

Filed Under: Opinion, Market Analysis

Primary Sidebar

Recent Posts

  • Shiba Inu L2 Docs Reveal More Details March 28, 2023
  • Bitcoin, Ethereum Enabled In Burger King Paris: Details March 28, 2023
  • Nvidia’s CTO Skeptical Of Crypto’s Value, Believes AI Is The Future March 28, 2023
  • TRON Founder’s Hong Kong Expansion Plan In Jeopardy? March 28, 2023
  • Binance’s New Blockchain Hub In Georgia: Web3 Education & Job Opportunities  March 28, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.