Global economic uncertainties are weighing in cryptocurrency markets as consolidated TRX after their recent attempt at failed breakup.
The Token, which established a negotiation range between $ 0.271 and $ 0.278, has shown resilience despite the growing commercial tensions between the main economies.
Tron blockchain continues to demonstrate solid foundations, processing more than $ 1 billion in volume of daily transactions while maintaining its position as the main network for the circulation of the USDT with a market share of more than 70%.
TECHNICAL ANALYSIS
- TRX-USD established a 24-hour negotiation range from $ 0.271 to $ 0.278, which represents a 2.95%differential.
- There was an attempt to break up during the 05:00 hours with high volume (121.2 million), reaching $ 0.278 but could not maintain the impulse.
- The resistance zone formed around $ 0.277- $ 0.278, with support established at $ 0.271, tested twice with a growing volume.
- The price action shows consolidation after rejection in resistance, with $ 0.273 sitting near the midpoint of the range.
- A significant upward impulse emerged in the last hour, leaving the consolidation with a movement of $ 0.271 to $ 0.272.
- Notable reversion at 13:34 Sierra volume volume at 5.4th measure that TRX increased from $ 0.270 to $ 0.271.
- The impulse accelerated between 13: 55-14: 00, with a price that reaches $ 0.272620, establishing a new level of resistance.
- Despite a brief setback at $ 0.272052, a strong purchase pressure maintained a support above $ 0.272.
- The time closed to $ 0.272442, which represents a gain of 0.5% of the opening.
- The substantial increase in the volume during the rupture confirms the force of the ascending movement, which suggests continuous potential.
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