The cryptocurrency market, after seeing tremendous growth, has been seen bleeding. However, the only coin surging in the bear market is Tron [TRX], which observed the growth of 6.34% in the past day.
At the time of press, TRX was valued at $0.0255, with a market cap of $1.7 billion. The 24-hour trade volume of the coin was noted to be $236 million, with a growth of 10.54%. TRX has observed an overall growth of 32% over the past week. The coin was traded highly on Bit-Z exchange with TRX/BTC pair with a volume of $42 million, followed by Binance. Binance reported a trading volume of $20 million with the TRX/USDT pair.
The one-hour chart of the coin observed a massive uptrend from $0.0200 to $0.0237, which continued till $0.0253. There was no significant downtrend observed. The coin broke the previous resistance at $0.0244 and since the coin is still pumping, there is no marked resistance at the time of press. The coin marked support at $0.0238.
Awesome Oscillator predicts a bullish market gaining momentum.
MACD line is above the signal line, indicating a bullish market.
Relative Strength Index indicates that the buying and the selling pressures are evening each other out but the marker is moving towards the overbought zone.
According to the one-day chart, the coin observed a downtrend from $0.0338 to $0.0270, which continued till $0.0216. The coin noted a small uptrend from $0.0216 to $0.0252, with a resistance marked at $0.0216, while the support was noted at $0.0119.
Bollinger Bands appear to be diverged, but have a converging trend to follow. The volatility in the market is high and the moving average line is under the sticks, indicating a bearish market.
Parabolic SAR indicates a bullish market with markers aligning under the candles.
Chaikin Money Flow too, points towards a bullish trend as the marker is above zero.
As per the indicators Awesome Oscillator, MACD, Parabolic SAR, and Chaikin Money Flow the market is summed to be a bullish one. However, Bollinger Bands predict a bearish market underway.