Coinpedia-Market-Insight

Will TRX cross $0.10?

Long
BINANCE:TRXUSD   TRON
Positive Trend: TRX is on an uptrend, breaking above the $0.083 resistance.
Triangle Breakout: The weekly chart shows a bullish breakout from a descending triangle.
YTD Growth: TRX has seen a 65% growth year-to-date, defying the bear market.
Psychological Mark: TRX is approaching the crucial $0.10 mark.
Rounding Bottom: A bullish pattern suggests TRX could reach $0.10.
Intraday Stats: TRX is currently at $0.089, with an intraday fall of 1.88%.
Previous Jump: TRX had a sharp jump of 4.10% last night.
Fibonacci Level: The price is approaching the 38.20% Fibonacci level at $0.097.
Technical Indicators: The DMI shows rising momentum with a positive ADX line.
EMA Support: Both the 50 and 200-day EMA are supporting the uptrend.
Golden Crossover: The EMAs have experienced a golden crossover, certifying the uptrend.
Bearish Scenario: If the price fails to break $0.097, it could challenge the $0.083 support.

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