• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

TRX Down 29.1% Even With The Launch of TronClass

Dalmas Ngetich by Dalmas Ngetich
2 years ago
in
Reading Time: 2min read
technical analysis tron TRX
Advertisement
  • Tron (TRX) slides 29.1 percent week-to-date
  • The launch of TronClass will aid in Tron’s global reach and general awareness

For their global outreach, the launch of TronClass is beneficial for the cryptocurrency and blockchain space as a whole. Even so, that is not enough to tame sellers pushing TRX to the edge. At press time, TX is down 29.1 percent from last week’s close.

Tron Price Analysis

Fundamentals

That Tron has been grabbing headlines in recent days is true. From accusations of shilling and rumors of a police raid, the Tron foundation is unwavering as they trudge towards achieving their objective.

The goal is to ensure that Tron is a go-to platform from where project managers keen on realizing speed and scalability can quickly launch their dApp. Its dApp ecosystem is therefore active, contesting with EOS for the top position.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Nonetheless, the network’s creators are keen to see the platform change lives across the world. To that end, the launch of the Online TronClass will chart the way as far as awareness is concerned.

Our little workshop: #TRONClass is here! The purpose is to introduce and explain #TRON & #Blockchain related terms to those who are new to this area. In today's #TRONClass, we are going to explain what is #TRX. Check it out! #TRON $TRX pic.twitter.com/w9zNEleAjw

— Justin Sun (@justinsuntron) July 14, 2019

In a 20 seconds video explaining what TRX is in a simple to understand language, the foundation plans to release similar videos distilling some aspects of their platform for everyone to comprehend their overall objective.

Candlestick Arrangement

Tron TRX

Like most altcoins, TRX is down 29.1 percent in the last week and back to the critical support line. By nullifying buy proposals following the breach of 3.1 cents, bears are in the driving seat.

Even so, while traders are positive of a price recovery, it all depends on the reaction of asset prices at 2 cents. Presently, sellers are pressing lower, and as bear momentum builds up, TRX bear candlesticks are banding along the lower Bollinger Band (BB).

All the same, 2 cents mark Q1 and 2 primary support and significant in this TRX/USD trade plan. Therefore, it is imperative that TRX prices find support at this level. If not, chances are prices may slide to all-time lows of 1 cent in a bear trend continuation.

Technical Indicators

Because of the above candlestick arrangement, June 27 bear candlestick correcting the over-pricing of June 23 to 25 leads this trade plan. It has high trading volumes of 32 million. Since 2 cents is the main support line, a reaction that will either lead to price degradation or recovery must be distinct. As such, the leading bar must be with high participation equal to or above 32 million. That will either spark buyers aiming for 3.1 cents or catalyze a dump towards 1 cent.

Chart courtesy of Trading View. Image Courtesy of Shutterstock

Tags: Justin SunTRONTronClassTRX
TweetShare44
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

bitcoin collateral

Summing Up The Case For Bitcoin As The Future Of Collateral

50 mins ago
Five Signs That Say Altcoin Season Hasn’t Even Started Yet

Five Signs That Say Altcoin Season Hasn’t Even Started Yet

6 hours ago
Algorand, OKEx

OKEx Announces Support for USDT and USDC Stablecoins on the Algorand Blockchain

7 hours ago
hashbon

How to Get 0% Commission for Accepting Crypto Payments – Meet Hashbon and Its Native Token

8 hours ago
payment gateway

Open Source vs. Ready-Made Payment Gateways: Which Crypto Processing Option Is Easier to Implement

8 hours ago
Bitcoin Hopes to Retest Record Highs After Powell’s Testimony; Here’s Why

Bitcoin Hopes to Retest Record Highs After Powell’s Testimony; Here’s Why

13 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Oxygen Protocol to List OXY Tokens on BitMax

February 24, 2021

HOPR Hosts Global Token Launch Event on February 24th after First-Of-Its-Kind DAO Experiment

February 24, 2021

Egoras- a Decentralized Finance Ecosystem for Growing Markets!

February 23, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.