TRXUSDT Price Chart. Source: Tradingview.com<\/figcaption><\/figure>\nTRX has shown upward momentum since August 19, reaching $0.091. However, at the time of writing, Tron TRX is showing intensified bearish pressure, as shown by the red candlestick. This is despite the overall upward trend.<\/p>\n
This upward trend receives additional support from the 50-day and 200-day simple moving averages, which are currently trading below the price at $0.072 and $0.081, respectively. Furthermore, the 50-day SMA acts as an immediate support for the Tron TRX price.<\/p>\n
Nevertheless, the Relative Strength Index (RSI) has displayed a downward movement, transitioning from above the overbought zone of 70 and crossing below, showing intense selling pressure during this period. At the time of writing, the RSI trades at 68.<\/p>\n
Tron TRX Price Estimation<\/h2>\n
Tron TRX price maintains a bullish bias, evident by the ascending triangle and support from the 50-day and 20-day simple moving averages. Considering this, bulls may drive the price above the triangle, targeting the $0.1 mark.<\/p>\n
However, if selling pressure persists, as shown on the chart and by the Relative Strength Index, bears could gain strength. They could push the price down to the $0.084 support zone. Further downward movement could lead to $0.079.<\/p>\n
Meanwhile, BTCMTX offers an enticing opportunity through its low-priced presale stage and stake-to-mine feature.<\/p>\n
Bitcoin Minetrix Presale Offers an Exciting Investment Opportunity<\/h2>\n
BTCMTX<\/u><\/a> is currently in presale and has secured an impressive $426,128 in funding. There’s strong investor interest in the platform’s offerings.<\/p>\n