With the influence of global economic uncertainties, there are fluctuations in crypto money markets. In the latest developments, one of the main dynamics that attracted the attention of Tron (TRX) investors was that the asset followed a horizontal course after short -term rise attempts. In TRX, a price movement is observed in the range of 0.271 and $ 0.278, while it is reported that it points to a change of about 2.95 percent.
Technical Analysis Data
In the last 24 hours of analysts, analysts pointed out that the TRX fluctuated between $ 0.271 and $ 0.278, and technically, this range of resistance and support leads to the formation of support. As the resistance point, the band of 0.277-0.278 stands out, while the level of $ 0.271 is tested twice with high transaction volume. Despite this, the price does not hang below this level, indicates strong buyer support.
Especially in the early hours of the morning with the increase in the price of the price rose to $ 0.278, but this level can not be exceeded. With the sales from the resistance area, the price was retreated again and the consolidation process took place for a while.
Process Volume and Momentum
According to reports, the TRX was moved again in the last hours, the purchases starting from $ 0.271 lasted up to 0.272 levels and this movement was supported by the intensified transaction volume. Especially with the sudden volume increase in 13:4, the price rapidly extended from 0.270 to 0.271. Then, with the purchases between 13:55 and 14:00, the price rose to 0.272620, where a new level of resistance occurred.
Despite a short -term withdrawal, the price of the price above $ 0.272 shows that buyers are strong. At the end of the hour, the price closed at 0.272442, a 0.5 percent rise according to the opening took place.
Tron Blockchain’s Basic Status
Tron’s volume on the blockchain network continues to exceed $ 1 billion per day. In addition, TRX has a market share of more than 70 percent as the USDT’s main network. This indicates that the network maintains its technical and operational robustness.
Despite the trade tensions in the global financial markets, it is emphasized that the tron ecosystem continues to play an important role especially in stable coin transfers. Sector experts think that the developments in the tron network as well as technical analysis findings are among the basic components affecting the price.
For investors, price movements and volume changes during the day are recommended for investors. The behaviors of the price at certain resistance and support levels are carefully monitored in terms of direction determination in the short term. In addition, Tron’s stable performance in the blockchain ecosystem is among the factors that may positively affect the long -term appearance of the asset. Although the general imbalances in crypto money markets continue, it is stated by experts that the trading volume and technical indicators can play a decisive role on the price formation in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
