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EOS based exchange Newdex gets added to TronLink; TRX aims to establish new level of support

Bitcoin

TRON is ranked at #14 to the south of LEO and Cardano in the market. The trading volume recorded stands at approximately $581.031 million, while the supply has roughly 66.682 billion TRX coins included as part of circulation. The total market cap of TRON amounts to $898.686 million as of this moment. The price plummeted at a rate of 1.94% in the course of the past 24-hours; this brought TRX all the way down to $0.013477 where it presently rests.

According to the candlestick chart connected to the TRX/USD pair on tradingview [based on data obtained from Bitfinex], sellers occupy the position at the zenith while trying to propel the altcoin towards $0.012. Initial support can be found at the $0.011814 level, and barriers may be felt if TRX can afford to soar towards the $0.01863 mark. Bullish divergence was noted, which brought the daily RSI [for 14 periods] up to 37.61. This signifies that TRX has successfully exited oversold territory.

The final peak tied to the Awesome Oscillator bear the brown shade, which points to a possibility of a trend change influencing TRON in the near future. The peaks, currently lie underneath the zero line. The MACD line may jump above the signal line as the first week of October goes by.

Let’s hope TRX is able to scale beyond $0.015 soon.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.