TRON Lead On in TOP-10 Growing CryptocurrenciesOct 28, 2019
The cryptocurrency market completed last week with growth, responding to a President of the PRC statement about the need to adopt blockchain technology and invest in it. As a result, the cryptocurrency market capitalization increased by more than 25%.
At the same time, TRON (TRX) remains the growth leader, which added in value more than 33% over the past week and more than 23% over the past 24 hours. The reason for such a powerful TRX/USDT growth was CEO Tron Justin Sun tweet about the upcoming partnership with mega-corporation.
As we can see, the TRX/USDT quotes overcame resistance at 0.01850 point. At the same time, fixing over the psychological resistance level of 0.0200 today will allow us to expect further growth to 0.0300. MA200 is located on the way to the marked level, which can act as another obstacle for buyers.
The RSI technical indicator is being kept near the overbought zone, so active market purchases are no longer advisable. At the same time, the indicator didn’t overcome the 70 mark, indicating the buyers’ ability to continue growth in the short term.
The 0.01850 mark is a support level now.