{"id":22313,"date":"2023-02-23T09:50:44","date_gmt":"2023-02-23T09:50:44","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=22313"},"modified":"2023-02-27T08:20:28","modified_gmt":"2023-02-27T08:20:28","slug":"trx-technical-analysis-report-23rd-feb-2023","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/trx-technical-analysis-report-23rd-feb-2023","title":{"rendered":"TRON (TRX) Technical Analysis Report | 23rd-FEB-2023"},"content":{"rendered":"\n

TRON (TRX) is a blockchain-based decentralised operating system developed by the Tron Foundation and launched in 2017. Initially, TRX tokens were ERC-20-based tokens implemented on Ethereum, but a year later they were moved to their own network. The price of the asset has increased marginally by 1% while the global volume has fallen by almost 25% presently at $225 Million. The crypto market in general is bearish today as all coins including BTC corrected after the Fed’s FOMC minutes suggested more rate hikes if high inflation persists.<\/p>\n\n\n\n

At the time of writing, TRX<\/a> was trading at $0.6980<\/p>\n\n\n

\n
\"TRON
Tron (TRX) Chart<\/figcaption><\/figure><\/div>\n\n\n

TRX after making the long lower shadow at the low of $0.04526 (which indicated short covering) started taking support multiple times at $0.049 and showed good signs of recovery. The asset was facing stiff resistance at $0.055 but the bulls finally were able to break the key resistance level and witnessed a sharp rally and the prices surged up to $0.07307. TRX faced strong resistance at $0.0725 (Horizontal Trendline) and saw some profit booking and dropped to $0.0696. Hence to further rally, it needs to break, close and sustain above $0.0725 whereas $0.0655 will act as strong support for the asset.<\/p>\n\n\n\n

Key Levels:<\/h2>\n\n\n\n
Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$0.055<\/td>$0.0655<\/td>TRX<\/strong><\/td>$0.0725<\/td>$0.0928<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

TRON (TRX) is a blockchain-based decentralised operating system developed by the Tron Foundation and launched in 2017. Initially, TRX tokens were ERC-20-based tokens implemented on Ethereum, but a year later they were moved to their own network. The price of the asset has increased marginally by 1% while the global volume has fallen by almost […]<\/p>\n","protected":false},"author":1,"featured_media":22320,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/22313"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=22313"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/22313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/22320"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=22313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=22313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=22313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}