![Is it time to jump on the TRON [TRX] bandwagon, based on these developments](https://i.headtopics.com/images/2023/2/4/cryptoamb/is-it-time-to-jump-on-the-tron-trx-bandwagon-based-is-it-time-to-jump-on-the-tron-trx-bandwagon-based-1621638412250890243.webp)
TRON will soon announce partnership with BitTorrent. TRX’s price increased over the last day and the metrics, along with market indicators, looked bullish. TRON [TRX] reached a new milestone that reflected its increased adoption across the globe. TRONSCAN revealed that TRON’s total accounts surpassed the 140 million mark – they stood at 140,010,268 at press […]
’s daily chart revealed that the investors might find some more relief, as the bulls were leading the market. The Exponential Moving Average Ribbon’s finding was bullish, as the 20-day EMA was well above the 55-day EMA. Additionally, TRON’s Relative Strength Index registered an uptick, increasing the chances of a continued price hike.
Though the Money Flow Index went down slightly, it was still comfortably above the neutral mark, which was also bullish. Nonetheless, the Bollinger Bands suggested that TRX’s price was entering a low volatility zone, which might restrict TRX’s price from skyrocketing in the short term.Subscribe to get it daily in your inbox.
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