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TRON {TRX} price prediction for December 2019; Active nodes within the BTFS network reaches a milestone

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In accordance with the candlestick chart connected to the TRX/USD pair on tradingview [based on data drawn from the Bitfinex Exchange], one can determine that this digital currency is under the influence of buyers. From 2nd November onwards, the peaks tied to the Awesome Oscillator all possessed the brown shade; this points towards the impact brought about as a result of bearish momentum playing a key role.

Similarly, post-29th October, the MACD line has moved closer to the signal line with every passing day. This has caused the green histogram to contract and appear faded. The daily RSI [for 14 periods] has managed to stay above 60 for most of November’s maiden week and sits at 61.32 for now. This indicates that TRX may be overbought if the bull-run picks up pace. But the possibility of a trend change isn’t completely out of the picture.

Support can be found adjacent to the $0.018632 mark, and resistance may be felt once TRON manages to head towards $0.023.

TRON is positioned at #11 underneath Stellar Lumens in the market. The trading volume recorded stands at approximately $892.633 million, whereas the supply has 66.682 billion TRX coins in play as of this very moment. For now, the total market cap of TRON amounts to $1.332 billion. The price grew marginally, at a rate of 0.82% in the course of the past 24-hours; this, in turn, helped $TRX surge all the way up to the $0.019976 mark where it currently rests.

Today’s a good day for BitTorrent, a currency which shot up by 4.27% in a matter of hours. BTT is priced at $0.000477, and the trading volume recorded is $61.091 million. The total market cap of BitTorrent is slightly north of the $100 million point.

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.