TRX's price began its descent on 29 July and has since dropped by almost 10%. With waning buying pressure, the alt is at risk of a further decline.
Indicators on a daily chart hinted at a further drop in TRX’s valuesuffered a retracement at the $0.0850 – $0.0940 price levels on 29 July. Since then, the alt’s price has trended downward.At press time, the 10th cryptocurrency asset by market capitalization exchanged hands at $0.0763. In the last week, TRX’s price has dropped by 9%. An assessment of key indicators on a daily chart revealed that further downside lurks in the coin’s future.
A look at the coin’s Awesome Oscillator also lent some credence to the above position. Since the price decline began, the indicator has posted red histogram bars below the center line. This is often considered to be a bearish signal, as it means that the short-term momentum is weaker than the long-term momentum. Hence, TRX’s price is likely to decline further.
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.
A short flight from Toronto devolved into a 10-hour nightmare for passengersWhat should have been a short 3.5-hour hop from Toronto to Saskatoon turned into a day-long travel nightmare for a planeload of Flair Airlines pass...
Read more »
10 ways nature and animals forecast the weatherA snake might sense an earthquake several seconds before a person because of how that snake's body absorbs movement.
Read more »
Debunking 10 common myths about strength trainingThe idea that you must pay for a gym or trainer to begin or sustain a strength training regimen is simply inaccurate.
Read more »
GTA Condo Developers Are Dropping Prices For First Time In 10 Years As Sales SlowFor condo developers with product already on the market, the reality remains that even buyers in a position to purchase are backing away. realestate realestatenews Toronto condo condoprices
Read more »
Cleveland Guardians place Canadian slugger Josh Naylor on 10-day injured listGuardians first baseman Josh Naylor has been placed on the 10\u002Dday injured list with an oblique strain.
Read more »
10/3 podcast: Marriage Story, the Trudeau separation editionNational Post reporter Ryan Tumilty joins host Dave Breakenridge to discuss the separation of Justin and Sophie Trudeau.
Read more »