TRXUSD Long-term Trend – Bullish
- Distribution territories: $0.035, $0.04, $0.045
- Accumulation territories: $0.015, $0.01, $0.005
The price of TRX has been managing to maintain a steady bullish trend in the first couple of days of the year. Between December 22 and January 1, the cryptocurrency was notably making a series of lower lows and lower highs.
The cryptocurrency has been trading around the $0.025 mark above both its SMAs. The 14-day Sma is over the 50-day SMA. The Stochastic Oscillators went past range 60 and are currently pointing up, which suggests TRX may keep on rising.
The current uptrend could be invalidated if the 50-day SMA is breached southwards. If the bears managed to do so, the bulls may find a strong support at the $0.01 mark.
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