What's Next for Bullish Rated TRON (TRX)?

Friday, December 03, 2021 07:15 AM | InvestorsObserver Analysts

TRON (TRX) gets a bullish rating from InvestorsObserver Friday. The Distributed Software Platform asset is up 5.23% to $0.1012133694 while the broader crypto market is up 2.04%.

TRON has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TRON!

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Bullish

Over the last five days, TRON has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of TRON over the past five days by volume and price movement. The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

TRON price is currently above resistance. With support set around $0.0948079817672773 and resistance at $0.0979489677330061, TRON is potentially in a volatile position if the rally burns out. TRON has traded on low volume recently. This means that today's volume is below its average volume over the past seven days. TRON has maintained a low reading on the InvestorsObserver Volatility Rank as it has faced low volatility relative to the crypto market during the past 60 days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes. Due to a lack of data, this crypto may be less suitable for some investors. Click here to unlock the rest of the report on TRON