• TRX/USD hourly chart is trending in an upward channel formation.
  • TRX/USD went up from $0.0143 to $0.0146 in one hour.

TRX/USD daily chart

TRX/USD daily chart

TRX/USD is on course of having two straight bullish days, during which it has gone up from $0.0138 to $0.0146. The 20-day Simple Moving Average (SMA 20) acts as immediate market resistance. The Moving Average Convergence/Divergence (MACD) shows that momentum has changed from bearish to bullish.

TRX/USD four-hour chart

TRX/USD four-hour chart

The four-hour chart was trending in a downward channel formation before the bulls took control and jumped above. In the process, it broke above the SMA 20 and SMA 50 curves and the 20-day Bollinger Band. The Elliott Oscillator has had four straight green sessions

TRX/USD hourly chart

TRX/USD hourly chart

The hourly chart is trending in an upward channel formation and has broken above the green Ichimoku cloud. The price has jumped from $0.0143 to $0.0146 in one hour. The Relative Strength Index (RSI) indicator was trending in the overbought zone before it crept back down to 65.15.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Forecast: BTC sandwiched between strong resistance and support levels

The BTC/USD bulls took back control following this Friday’s bearish correction. The price is currently consolidating inside the ascending triangle formation. The buyers must attempt to break past the downward trending line to break above the triangle. 

More Bitcoin News

Ethereum Price Analysis: ETH faces strong resistance wall at $360

Ethereum sees a steady rise in activity and market capitalization, all thanks to the ongoing DeFi boom. The coin bounced up from the $320 support line this Thursday and has gone up to $350 over three days. 

More Ethereum News

NEO Technical Analysis: A test of 200-HMA likely on NEO’s road to recovery

NEO/USD witnessed good two-way businesses on Friday, having finally settled in the red after fading a spike above the $23 mark. The buyers have regained control this Saturday, allowing a tepid bounce in the spot.

More NEO News

Ripple Price Forecast: XRP flashes sell signal in the hourly chart – Confluence Detector

XRP/USD has had three straight bullish sessions. XRP daily confluence detector shows moderate-to-strong resistance at $0.245. On the downside, there are two healthy support levels at $0.2425 and $0.24.

More Ripple News


Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast