Several market indicators turned in TRX’s favor last week, allowing it to increase its value by over 3%.
One of the notable developments from last week was that Bitso, one of the largest crypto exchanges in Mexico, announced support for TRC20-USDT, increasing Tron’s reach. Additionally, the Tron multi-signature also went live on the latest version of TokenPocket for Android.
Apart from this, a look at the token’s daily chart revealed that quite a few indicators turned in TRX’s favor last week, allowing it to push its price up. For instance,’s Relative Strength Index jumped above the neutral mark over the last few days. As per the MACD, the bulls were leading the market.
Additionally, its On Balance Volume and Chaikin Money Flow also went up considerably, supporting the price hike. However, the coming week might be different, as the Bollinger Bands pointed out that TRX’s price was in a less volatile zone.Not only did Tron’s price register an uptick, but its performance on the social front also improved substantially last week. According to
, the token’s social mentions and social dominance both surged by more than 40% over the last seven days.
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