TRON bulls run into opposition just beneath $0.08 as...
posted gains of 16% at the same time, making the achievement of TRX a little less impressive. Moreover, TRX was not in a higher timeframe uptrend either.While the lower timeframes showed a strong bullish bias, the daily chart was not as convincing. The uptrend TRON was on since March was halted in early June. The $0.08 resistance zone was vital for the bulls to flip to support before the uptrend can resume.The two recent highs on the daily chart are marked in orange. The $0.
The TRX bounce from the $0.0695 level that occurred in the past two weeks was accompanied by a rise in buying pressure. This was reflected in the slowly rising OBV. Meanwhile, the RSI also indicated bullish momentum with a reading of 64. Yet, the market structure of TRX remained bearish on the daily chart. The price must be driven above the recent high at $0.0784 to shift the structure bullishly. Just past it, the $0.799 level represented the high from 23 May, when TRON bulls faced a temporary rejection on the chart.The price charts highlighted just how important the $0.08 zone was. TRON saw an uptrend since March but this was interrupted in June. The bulls must breach the $0.08 and $0.0855 levels to resume the uptrend.
Hence, the move past $0.072 was of immense significance. Similarly, the $0.084-$0.086 has been resistance since May 2022. The daily chart showed little resistance between $0.08 and $0.085- but can bulls bridge this gap?
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Organon, Samsung Bioepis launch copycat for arthritis drug Humira at 85 per cent discountMultiple copycats announced to rival AbbVie-owned blockbuster arthritis drug
Read more »
Game #85 GameThread: Red Sox @ JaysGame three of the series with the Red Sox. It is Daulton Varsho’s birthday. I’m not a gambler, but, if I was, I would bet on players on their birthdays. They tend to do well. It isn’t a guarantee....
Read more »
Raptors president Masai Ujiri among Order of Canada appointeesRaptors president Masai Ujiri among Order of Canada appointees Raptors MasaiUjiri
Read more »
Masai Ujiri, Dan Levy and Kent Monkman appointed to Order of Canada | CBC NewsToronto Raptors president Masai Ujiri, actor and writer Dan Levy and Cree artist Kent Monkman are among the dozens of people newly named to Canada's highest civilian honour.
Read more »
Masai Ujiri, Dan Levy and Kent Monkman appointed to Order of CanadaGov. Gen. Mary Simon announced 85 appointments to the Order of Canada on Friday, including three companions, 22 officers and 60 members cdnpoli
Read more »
Victoria residents among those named to Order of CanadaOcean Networks Canada president Kate Moran of Victoria is among 85 people named Friday to the country’s highest civilian honour.
Read more »