Tron reaches 2021 price levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


While most cryptocurrencies have been in a cooldown mode, few cryptocurrencies have seen steady performance in price action. One of which is TRON (TRX).

Tron has reached market capitalization over 13.5 billion dollars. Overall Year to Date TRX gains have reached over 50%, as well outperforming BTC by 4.2% year-to-date.

Tron has found support of 0.14868 which has been a resistance for multiple years. 50-day SMA level has been acting as a short-term support, pushing the price upwards. 100-day SMA, 200-day SMA have been broken since the beginning of August.

In the meantime, if the Cup pattern is validated, higher highs could occur, reaching a new possible level while breaching current resistance of 0.16698
Back to articles

Actual Topics

Tue, 15 Oct 2024 12:41:04 GMT

NZD/USD bounces off 0.6400

In September, the surge of the NZD against the US Dollar continued on, as the rate eventually reached the 0.6370/0.6410 zone. This range held, and a decline followed at the start of October. By mid-October, the rate appeared to have slowed down near 0.6100. A continuation of the currency pair is set to look for support in round exchange rate

Tue, 08 Oct 2024 12:55:37 GMT

AUD/USD declines after touching 0.6950

The AUD/USD pair managed to break the 0.6870/0.6900 zone. However, as the pair was confirming the range as support, the better than expected US employment data was published. The news are the catalyst of an ongoing sharp decline of the rate. The ongoing decline of the currency pair might find support in the combination of the 200-day simple moving

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.