Is TRX’s Price Range Set To Extend Above $0.0830?

Even though TRX has been consolidated in a narrow price range, new buying opportunities may be accessible at this range’s midpoint or range lows.

This information is not intended to be a financial, investment, trading, or any other type of advice. The opinions expressed are solely those of the author.Recent gains have been consolidated above $0.0830 since 15 September for TRX. During the second half of September, the open interest rate fluctuated significantly.

Over the second half of September, Tron (TRX) has been stuck in a price consolidation above $0.0830. A retest of the range-low near $26.0k, which coincided with recent Bitcoin (BTC) losses, could offer TRX buyers a new opportunity to take advantage of the market.

Is this support going to last?

Over the last few weeks, the Relative Strength Index (RSI) has fluctuated above the neutral level, indicative of fluctuating buying pressure over the same period of time.

As shown by the rising Chaikin Money Flow (CMF) in TRX markets, there has been a strong capital inflow. However, the declines in the RSI and CMF at the time of press indicated that bearish pressure had intensified at press time despite the upward trend.

It is expected that TRX will drop to the mid-range ($0.08390), the 50-EMA (Exponential Moving Average), or the low of the range ($0.0830) if the selling pressure continues. The price of bitcoin can rebound in the short run if BTC does not continue to suffer further losses in the near future.

When that is the case, the rebound might offer TRX buyers a chance to take advantage of the take-profit target at the range-high of $0.08480 ($0.08390). In this case, both the mid-range and range low may serve as re-entry points for two potential long positions that may be initiated.

The bullish bias will be invalidated if the price falls below $0.08350 and $0.08300. On the daily chart of $0.0821 – $0.0828 (white) based on a daily sample, the extended drop could help alleviate the price imbalance and the Fair Value Gap (FVG).

Pre-sale for Bitcoin BSC nears end: Last chance

Despite there being much uncertainty over where Bitcoin is headed in the future, the launch of BEP-20 tokens has caught the attention of many investors for a number of reasons. This token is a Binance Smart Chain-based cryptocurrency, Bitcoin BSC (BTCBSC), introduced in January 2017. This is a version of Bitcoin based on BSC which attempts to replicate the meteoric rise of BTC, using its own set of algorithms.

When the coin was sold in the presale, it was available for only $0.99 per unit for the presale because it was much more affordable at the time of sale.

Basically, the idea is to allow buyers to relive the feeling of purchasing Bitcoin 12 years ago, by giving them the opportunity to buy Bitcoin today.

However, that doesn’t mean that the price of this crypto will also skyrocket to find the same levels that Bitcoin experienced when its price was originally created. As a whole, though, one cannot deny the fact that recent years have seen massive popularity for Bitcoin since it came onto the scene.

During the pre-sale, $5.2 million was raised in less than three weeks, reaching $3.9 million in less than ten days, barely reaching its soft cap of $3.96 million.

This presale is approaching the end of its journey, and it will be completely sold out as soon as it reaches the $6.06 million get-together target. Considering the fact that only around $800k worth of BTCBSC is left, it means they are selling very quickly and are selling quickly.

To participate in the presale, anyone who would like to do so can buy the token using an exchange currency, whether it is BNB, USDT, or ETH.

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