Tron captured the 50% Fibonacci retracement level thanks to renewed buying interest and an impetus noted by the broader market. BAT projected upside above its local high of $0.84, if the price breaks north of its symmetrical triangle. Finally, Dogecoin flipped the $0.05-resistance, at press time, and eyed the next ceiling at $0.07.
Tron regained the 50% Fibonacci retracement level on the 4-hour timeframe on the back of a broader market rally. The On Balance Volume spiked and showed that buying pressure was responsible for the price ascension. Trading volumes also ticked up and were slightly shy of the $2 billion-mark, at the time of writing.
Even after disregarding broader market cues, Tron formed higher highs and higher lows since a bounce back from the $0.0041-support as an uptrend was in the making. The Parabolic SAR shook off a few hiccups and highlighted the said uptrend. Read More