TRON’s Golden Cross Sparks Bullish Run Amid Overbought Conditions
- TRON’s bullish momentum continues with potential resistance at $0.06850 and $0.07000.
- Golden cross signal and RSI over 50 suggest a positive trend and buying pressure.
- Traders should be cautious of possible correction as stochastic RSI is overbought.
The TRON (TRX) market has seen a bullish reign in the previous 24 hours, with bulls able to rocket the price to a 24-hour high of $0.06738. The bears’ effort to gain market dominance was short-lived as the market found support around the intraday low of $0.06603. TRON was valued at $0.06677 at press time, a 0.53% gain from the intra-day low.
If bulls maintain market control, the $0.06738 resistance level may be broken, and the next resistance levels may be at $0.06850 and $0.07000. If bears gain control, the price may go below the intraday low of $0.06639 and test support levels of $0.06500 and $0.06350.
During the upturn, market capitalization, and 24-hour trading volume increased by 0.43% and 20.13%, respectively, to $6,091,663,130 and $268,527,456, respectively. This increase implies that investors are regaining confidence in the market and are willing to invest and sell at bigger volumes, providing an opti…
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