Home Tron Price Analysis: TRX/USD consolidates its price above the $0.01- level
Crypto News

Tron Price Analysis: TRX/USD consolidates its price above the $0.01- level

  • The RSI indicator has crept out of the oversold zone.
  • The Elliott Oscillator has had two green sessions following 10 consecutive red sessions.

TRX/USD daily chart

TRX/USD daily chart

TRX/USD went up slightly from $0.0101 to $0.01018 this Wednesday. In the process, it managed to string together a second straight bullish day wherein the price of the asset rose from $0.00965 to $0.0101, entering the $0.01-zone. The price is currently consolidating in a flag formation and hovering below the red Ichimoku cloud, SMA 200, SMA 50 and SMA 20 curves. The MACD shows decreasing bearish momentum, while the RSI indicator has managed to creep above the oversold territory. Finally, the Elliott Oscillator has had two green sessions following 10 consecutive red sessions.
 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.