The market bulls seem activated by now as, apparently, this month is passing by on a positive note. Bitcoin has continued its supports to approach the $10000 price mark while it keeps ranging around $9500.
Altcoins too are responding to the current market trend that is towards the upside. However, the $10000 price mark doesn’t seem imminent for Bitcoin Bulls. Tron, which has been holding a support level above $0.015 in the last month is now trading above $0.018 After a few S/R flips.
In the last couple of days, the TRX coin has defied the sluggish yet positively moving consolidation of the price with a strong bullish turnaround. Just a while ago, TRON has faced rejections at $0.186 before it started testing resistance at $0.183.
On June 1, the TRX coin started trading at $0.015 and it escalated above $0.017 initially. A sharp pullback took it below $0.0160 to see a support level. The altcoin held a steady and bullish bias till the day before yesterday. As the coin crossed the 61.80% fib level, its price took a notable upside spike to reach above $0.018.
The technical indicators are clearly indicating a possible strong uptrend. The MACD indicator is in the bullish zone while the TRON price is way above the 200-day EMA line.
Keeping digital cash safe is very important in the fast-changing world of digital money. Two-factor…
Ethereum has seen significant growth and adoption in the past few years, but its limitations…
Ripple’s technology is transforming global transactions, revolutionizing how digital assets and money are transacted across…
A "crypto faucet" is a website or app allowing users to complete simple tasks and…
Cryptocurrencies have made their mark in various sectors as value storage for daily transactions, investments,…
The Bitcoin ETF is less than a month away from getting a final judgment from…
