1 TRX = $0.06 USD -- When Will It Be Bullish Again?
(Chart by TradingView)
Since mid-May, the Tron alligator has consistently looked down on foraging, from resistance at $0.17 to sticking to support at $0.046 today.
Meanwhile, the MACD (Moving Average Convergence Divergence) oscillator is in a bullish position. This indicates that the price of this asset will continue to rise.
On the other hand, the Stochastic RSI (Relative Strength Index) oscillator is in oversold territory. This means that the market price is lower than the fair price, so expect more investors to buy and for prices to bounce back.
In the graph below, you can see that the price of Bitcoin is falling and has not yet risen. On the other hand, Bitcoin's price fluctuations are usually followed by all other altcoins.
Currently, the alligator's mouth still appears to be opening slightly downward, but it is beginning to show signs of closing. Would he really go to sleep, or was it still downhill?
Let's continue to follow this Tron alligator adventure.