TRXUSD Long-term Trend – Ranging
- Distribution territories: $0.035, $0.04, $0.045
- Accumulation territories: $0.02, $0.015, $0.01
TRX’s price has been moving within a range in the last few weeks. The cryptocurrency has been slowly moving southwards, along with its 14-day SMA. On March 23, however, the cryptocurrency managed to see its price rise to around the $0.025 mark.
TRX’s 50-da SMA is below its current price, while being above the 14-day SMA. The Stochastic Oscillators crossed at range 40, and are moving towards range 60. This suggests it’s possible the crypto will see more ups than downs in the next few trading sessions.
If it fails to see strong movement, it means TRX’s consolidation will continue in the next few sessions. The crypto is expected to soon build up around its 50-day SMA as the bulls plan to move it upwards.
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