Coinpedia-Market-Insight

Will This Retest Drive TRX To $0.10?

Long
BINANCE:TRXUSD   TRON
Positive Trend: TRX displays a positive trend with a successful retest at $0.083.
EMA Support: The 50-day and 200-day EMAs provide constant support to the uptrend.
Target of $0.10: With the successful retest, TRX may soon cross the $0.10 mark.
Notable Uptrend: TRX shows a remarkable uptrend in 2023 despite market volatility.
Double-Bottom Reversal: A slightly double-bottom pattern leads to a bullish breakout.
Year-to-Date Growth: TRX has a significant YTD growth of 62%.
Current Price: TRX is trading at $0.087 with an intraday fall of 0.13%.
Lower Price Rejection: TRX takes a lower price rejection from the $0.085 zone.
RSI Indicator: A short dip from the oversold zone hints at a slight loss in bullish momentum.
Golden Cross: The EMAs have confirmed the uptrend in Tron following the Golden Cross.
Market Recovery: The overall crypto market is taking recovery steps.
Bearish Risk: If bears dominate, a reversal could challenge the bullish dominance at $0.083.

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