Tron [TRX] Price Officially Below Key Level Amid Market Bloodbath

2018-8-4 18:04

The cryptocurrency market is currently dropping hard in response to the market leader, Bitcoin, dropping below $7200 as reported previously. We are seeing steep losses across the market with investors losing confidence in altcoins.

The downturns have not been good for Tron which has pushed below its long-term support level at $0.03. Just one week ago, Tron’s price was in a good position looking to push past long-term resistance at $0.04. if it had managed to do that, $0.04 might have turned to support but now the tables have turned, and it’s looking likely that $0.03 will be the new resistance level.

Tron Daily Chart

The 4hr chart shows how important $0.03 is as a level for Tron with price trading around this point for several candles. The recent downturn has provided the momentum for Tron to make a significant drop below this level and a move back up will now likely be met as resistance.

Tron 4hr Chart

The hourly shows that the most recent drop has significant volume behind it. On the weekends, it is typical for the market to move on lower volume but an increase in volume shows some real significance behind this move. With the market leaders looking bearish, Tron is also looking very bearish with all the signs pointing towards further downwards movement.

Tron 1hr Chart Key Takeaways: Amid hard drops across the market, Tron is also recording steep losses. Tron price has dropped below its long-term support level of $0.03 $0.03 is likely to be a case of support turned to resistance. A move back up may occur but is likely to be met by strong resistance. Many signs pointing towards further downward movement with volume and strength behind this move.

Tron [TRX] Price Officially Below Key Level Amid Market Bloodbath was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95511.06 (-0.52%)
Объем 24H $40.946b
Изменеия 24h: -1.38 %, 7d: -7.45 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1891.095b Rank 1
Цена в час новости $ 7036.72 (1257.32%)

market below level tron cryptocurrency bitcoin dropping

Источник: blokt.com

market below → Результатов: 126


Bitcoin Drops Below $100,000: The End Or Beginning Of The Crypto Bull Market?

Bitcoin, the titan of the cryptocurrency world with a market cap hovering around $1. 9 trillion, has experienced a significant downturn, dipping below the psychological threshold of $100,000. This flash dump, occurring over just three days, has left many investors and analysts questioning whether this marks the end of the current bull market or signals a healthy correction within an ongoing bullish trend.

2024-12-22 07:30


Bitcoin Price Up Nearly 3 Percent, Is the Market Turning Bullish?

Ever since December 2017 when the price of Bitcoin reached its all-time high of $19,511, Bitcoin and other cryptocurrencies have been stuck in a very bearish market. Over the last six to seven month’s, the top-ranked cryptocurrency‘s value fell approximately 70 percent and even fell below $6,000 during the end of June 2018. However, despite […]

2018-7-24 13:28


Фото:

Bitcoin will drop below $ 6400, Crypto Markets loses $ 24 billion in single day

On Tuesday, July 10, Bitcoin along with the entire cryptocurrency market witnessed a major pullback on the charts with the entire cryptocurrency market losing $24 billion in one single day. On Sunday, July 8, Bitcoin crossed past $6800 and everyone was optimistically eyeing it to break the $7000 resistance. At the press time, Bitcoin is

2018-7-11 11:16


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Dips Below $3,100 – New All-Time High Possible Before 2025?

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, recently experienced a significant price correction, dropping below $3,100 for the first time in 29 days. This marks a notable shift from its peak performance in December, when it reached this year’s high of $4,106 on December 16.