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25 April 2024
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Tron(TRX) Technical Analysis on 22nd September 2020

In a respite for the cryptocurrency market, Bitcoin and several top altcoins witnessed a minor surge after a steep pullback. As the space saw a mild recovery, the collective market cap was rose to $331.5 billion.

Tron [TRX]:

After a minor surge of 0.88% over the last 24-hours, TRX was priced at $0.0250 as it held a market cap of $1.793 billion and a 24-hour trading volume of $2.10 billion. The token has been following a descending trajectory for the last two weeks despite multiple developments on the Tron ecosystem.

TRX was turned down from its overhead target point of $0.029 as MACD and Klinger Oscillator continued to exhibit increasing bearish pressure in the TRX market. If this downtrend gains momentum, TRX could witness a potential drop to its immediate support point of $0.022.

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