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
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
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.