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TRON {TRX} price analysis for November 2019; Cat.Ex adds support for TRC20-USDT

Bitcoin


According to the candlestick chart associated with the TRX/USD pair on tradingview [based on data drawn from the Bitfinex Exchange], one can determine that TRON is being impacted by sellers as of this instant. The final 2 peaks tied to the Awesome Oscillator both possessed the green shade, which points towards the subsequent arrival of bullish momentum in the foreseeable future.

The daily RSI [for 14 periods] tanked and sits at 53.98 for now. This signifies that TRX is gradually prancing through the neutral zone. The gap between the MACD line and the signal line grew in a day’s span of time [which caused the red histogram to surge]. Up next, resistance may be felt at $0.020825, and support can be found adjacent to the $0.018407 mark. I think an uptrend would be incredibly beneficial for TRON [particularly Justin Sun who just teased a new announcement] as it would serve as a testament to the network’s achievements during the second half of 2019.


TRON is ranked at #11 in the market. The trading volume recorded stands at roughly $978.582 million, and the total market cap of TRON amounts to $1.304 billion for now. The price plunged at a rate of 2.39% in the course of the past 24-hours; this, in turn, caused TRX to sink all the way down to the $0.019557 mark where it presently rests.

An old interview featuring Justin Sun which was conducted by Dragon TV resurfaced and was shared via the official Twitter handle linked with the TRON Foundation. You can take a look if you’d like to watch the entire video.

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.