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TRON {TRX} price prediction for tomorrow; BitTorrent {BTT} airdrop scheduled for October 11th

Bitcoin

TRON is ranked at #11 beneath Stellar in the market. The trading volume recorded stands at approximately $707.988 million, whereas the supply has 66.682 billion TRX coins in play as of this very moment. The total market cap of TRON amounts to $1.063 billion. The price received a boost of 3.45% in the course of the past 24-hours; this, in turn, brought TRX all the way up to $0.015949 where it presently rests.

According to the candlestick chart connected to the TRX/USD pair on tradingview [based on the data obtained from the Bitfinex Exchange], buyers are finally back in action which helped TRON recover in the neutral zone. The daily RSI [for 14 periods] is at 54.43, signifying that further growth would bring TRX to the overbought zone.

From 4th October onwards, the MACD line started climbing atop the signal line, which, in turn, led to the creation of a green histogram over the zero line. In the aftermath of 29th September, the peaks tied to the Awesome Oscillator have all possessed the green shade. Support can be found near the $0.01296 level, and chief resistance may be felt adjacent to the $0.01868 mark.

Essentially, TRON is a rapidly growing ecosystem with a varied number of applications in the field of DApp development, cross-border transfers, and so on. Justin Sun has attracted the attention of nearly 2 million followers on Twitter [though this number may include a large number of bots that have been used as strategies for marketing in the past].

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.