TRX Price Analysis for December 22
Cover image via www.tradingview.com
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bulls remain more powerful than bears, according to CoinStats.
TRX chart by CoinStats
TRX/USD
The rate of XRP is almost unchanged since yesterday.
Image by TradingView
On the hourly chart, the price of TRX is in the middle of the narrow channel, gaining energy for a further move. However, there are low chances to see any sharp moves today as most of the daily ATR has been passed.
Image by TradingView
A similar situation can be seen on the daily chart. Thus, the volume has dropped, which means that neither buyers nor sellers have accumulated enough strength for a further move.
In this case, sideways trading around $0.1050 is the more likely scenario for the next few days.
Image by TradingView
From the midterm point of view, the rate of TRX has once again bounced off the zone of $0.10. If the bar closes far from it, the rise may continue to the $0.11 area.
TRX is trading at $0.10426 at press time.
