TRX Price Ready To Jump To $0.10?

16 ต.ค. 2023

Successful Retest: TRX price successfully retests the broken $0.085 zone, indicating bullish strength.

50-day EMA Reversal: The price finds an early reversal from the 50-day EMA, showing high demand at lower levels.

Targeting $0.10: With the ongoing post-retest reversal, TRX aims for the $0.10 mark this year.

Intraday Growth: Currently trading at $0.08757, TRX shows an intraday growth of 0.71%.

Bullish Engulfing: A 2.44% growth last night led to the formation of a bullish engulfing candle.

RSI Bounce: The RSI line takes a short dip from the oversold zone and bounces back, hinting at a positive rally.

Golden Crossover: The 50-day and 200-day EMAs confirm a golden crossover, supporting the uptrend.

High Demand: The quick reversal over the weekend shows high demand for TRX at lower levels.

Higher Highs: TRX sustains higher high formations, keeping the uptrend intact.

$0.091 Resistance: The uptrend must exceed the $0.091 mark to reach the bullish target of $0.10.

Bulls in Control: The golden crossover and bullish candles indicate that bulls are in control.

Bearish Reversal Risk: A reversal could occur if bears take control, challenging the bullish dominance at $0.083.