1 TRX = $0.068 USD -- Will it fall asleep?
(Charts by TradingView)
Until about mid-January, Tron alligator was slowly falling to about $0.07. Then it suddenly plummeted to around $0.055 and then bounced back.
Currently, the MACD (Moving Average Convergence Divergence) oscillator looks to be in a bullish position. This implies that the price of this asset is rising.
On the other hand, the Stochastic RSI (Relative Strength Index) oscillator looks to be in the overbought area. This indicates that the market price of this asset is already above its intrinsic price.
On the other hand, in the chart below, it looks like the price of Bitcoin has come back after initially falling. And usually, Bitcoin price fluctuations are followed by all other altcoins.
Now, the alligator's mouth, which was initially open downward, seems to be starting to close. Will it really fall asleep, or will it bounce back?
Let's continue following this adventure of the Tron alligator.
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