TRON (TRX) Price Analysis: Potential Price Stability After 20% Correction
Wednesday, 3 April 2024, 22:43
TRON Eyes a Consolidation Phase
The Relative Strength Index (RSI) for TRX has stabilized at 60, pointing to a potential consolidation phase with balanced market sentiment.
Reduced Trader Activity
TRX has experienced a decline in the number of traders holding the cryptocurrency, indicating a move towards reduced volatility and potential market consolidation.
Death Cross and Price Prediction
TRX's recent death cross and support level at $0.1145 may lead to a consolidation phase or a downtrend towards $0.097, unless bullish market sentiment drives it towards testing the $0.14 resistance level.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.