Another bloodshed had struck the crypto-verse. Tron [TRX], Bitcoin SV [BSV], Monero [XMR] as well as the king coin, Bitcoin [BTC] along with an array of assets was seen plummeting. Bitcoin was back below $50K. At press time, BTC was trading for $46,290 with a 5.93% dip since the last 24-hours. Ethereum [ETH] was probably the biggest loser of this bear market as it had slumped by almost 8% in the last 24-hours. Cardano [ADA] was the only asset that was on an uptrend. ADA was trading for $1.10 with a 7% daily rise, during the time of writing.
Over the last couple of months, TRX had slipped down the crypto ladder. After a long stay in the top fifteen, TRX had made its way down to the twenty-fourth spot. Currently, the market cap of TRX was noted at $3.22 billion. At the time of writing, Tron [TRX] was seen trading for $0.044 with a 6.80% drop over the last 24-hours. The week was quite unfavorable for Justin Sun’s coin as it had secured losses of about $27.30%.
Tron [TRX] one-hour price chart on Binance
The short-term price chart of TRX was exhibiting a positive notion. The Bollinger Bands indicator was seen converging therefore, the volatility in the TRX market would possibly be lower than expected. The Awesome Oscillator indicator was formed green closing bars which further insinuated that the bulls were present in the TRX market.
The Relative Strength Index [RSI] indicator was seen exerting a sellers’ sentiment as the RSI marker was down by the 40 median.
Tron [TRX] one-day price chart on Binance
The one-day price chart of TRX was adamant about the presence of bulls in its market. The MACD indicator went in for a bullish crossover, earlier this month and retained this trend. The Klinger Oscillator mirrored this crossover. The Money Flow Index indicator was under 50 median which suggested that the asset was being sold instead of being bought.