Rajarshi Mitra
Independent Analyst
- TRX/USD bulls re-entered the market following a heavily bearish Tuesday.
- The MACD shows that market momentum has reversed from bullish to bearish.
TRX/USD daily chart
 (1)-637328704440131566.png)
TRX/USD bulls re-entered the market following a heavily bearish Tuesday. The price has gone up from $0.0199 to $0.0203. In the process, the price has crept back into the upward channel formation. The Moving Average Convergence/Divergence (MACD) shows that market momentum has reversed from bullish to bearish.
TRX/USD has two strong resistance levels at $0.0205 and $0.0215. On the downside, we have four healthy support levels at $0.0198, $0.0197 (SMA 20), $0.0192 and $0.0182 (SMA 50).
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
President Trump's memecoin leads crypto unlock with incoming supply pressure of over $320 million
Official Trump, launched by President Trump, will unlock over $320 million worth of its tokens to team members next week despite the dominant risk-off sentiment across the crypto market.
Bitcoin and crypto market sees recovery as Fed official says agency ready to stabilize market if necessary
Bitcoin rallied 5% on Friday, trading just below $84,000 following Susan Collins, head of the Boston Federal Reserve, hinting that the agency could stabilize markets with "various tools" if needed.
Bitcoin, Ethereum and XRP steady as China slaps 125% tariff on US, weekend sell-off looming?
The cryptocurrency market shows stability at the time of writing on Friday, with Bitcoin holding steady at $82,584, Ethereum at $1,569, and Ripple maintaining its position above $2.00.
Bitcoin, Ethereum, Dogecoin and Cardano stabilze – Why crypto is in limbo
Crypto traders are digesting US President Donald Trump’s Liberation Day announcements last week, the tariff truce declared on Wednesday and the worsening situation with China, as the industry wraps one of its worst weeks in terms of price swings.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.