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TRON {TRX} targets $0.03; Bitfinex completes BitTorrent {BTT} airdrop, Poloniex announces winners

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In accordance with the candlestick chart connected to the TRX/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], one can ascertain that TRON is being influenced by buyers as of this very moment. The daily RSI [for 14 periods] sits at 59.89 which signifies that TRX may be able to land in overbought territory if the bull-run continues for the next couple of days.

From 8th November onwards, the MACD line has stayed south of the signal line. In a span of 2 days, the gap between the MACD line and the signal line has shrunk, thus contributing to the red histogram’s decline [which lies underneath the zero line]. The final peak tied to the Awesome Oscillator has adopted the green shade, which points towards the possibility of recovery.

Barriers that will be felt near $0.023 must be conquered for TRX to rise towards greater heights. On the other hand, initial support can be found adjacent to the $0.018425 mark.

BitTorrent climbed by 0.8% which helped $BTT head to $0.000439 in a jiffy.

TRON is ranked at #11 in the market. The trading volume recorded stands at approximately $1.039 billion, whereas the supply has 66.682 TRX coins included as part of circulation. The total market cap of TRON amounts to $1.323 billion for now. The price shot up at a rate of 3.57% in the course of the past 24-hours; this, in turn, brought TRX all the way up to the $0.019846 mark where it presently rests.

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.