ТРОН бикови би могли да траже још једно повећање од 5% с обзиром на…

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The price action of TRON on the lower timeframes showed strong bullish signs. The bulls were quiet last week but burst into life in recent hours to record double-digit percentage gains. On 1 June Justin Sun твеетед that the TRON network hit a record in daily transactions.

This suggested that the bulls who entered above $0.082 could be late. Risk-averse traders can wait for a retracement to the support at the $0.08 mark, which had acted as resistance on 23 May.

TRON could have another 5% move upward left in its tank

Извор: ТРКС / УСДТ на ТрадингВиев

Despite the strong gains in recent hours, it was possible that the TRON bulls weren’t done yet. To the north, the $0.086-$0.088 represents a band of resistance. Both of these levels have been important in the past, having served as resistance almost exactly a year ago before TRX fell lower.

Two weeks ago, on 20 May, TRX managed to climb above the $0.07-$0.0715 resistance region. The prices rallied another 11.5% northward till 23 May. Thereafter TRX sank lower by 7.3% to reach $0.074 on 1 June. This was a region where the prices had consolidated on 21 and 22 May.

Due to the vertical move upward in recent hours that measured 13% from Friday’s low at $0.0745, there was no time for prices to consolidate during this rally.

The RSI spiked into the overbought territory to reflect extreme bullish momentum. The OBV also noted a significant bump upward to reflect demand behind TRON.

Data pointed toward profit-taking above the $0.0825 mark

Извор: Цоинализе

The Open Interest rose by $28 million as the prices swept past the $0.08 mark. This was indicative of firm bullish sentiment from speculators looking to profit from the upward move. The large increase in OI came just after the 1-hour candle that closed at $0.0822.

Since this candle, the OI rose by $17 million, representing the meat of the OI spike. Meanwhile, TRX has risen only by 1.7%. Could they be late to the party?

Прочитајте ТРОН-ово [ТРКС] предвиђање цена 2023-24

The spot CVD certainly suggested so. After the large green 1-hour candle previously mentioned, the Cumulative Volume Delta dropped swiftly.

There was a contrast between the outflow on the TRON spot market, and the influx of money in the futures market.