TRON Showing Hints Of A Major Rebound After A Week Of Rout<\/title>\n<meta name=\"description\" content=\"Tron (TRX) holders have been on rough terrain since August with the bears dominating the market. The tables might be turning though in favor of the bulls\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/tron-showing-hints-of-a-major-rebound\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRON Showing Hints Of A Major Rebound After A Week Of Rout\" \/>\n<meta property=\"og:description\" content=\"Tron (TRX) holders have been on rough terrain since August with the bears dominating the market. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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{"id":503701,"date":"2022-09-26T15:30:58","date_gmt":"2022-09-26T15:30:58","guid":{"rendered":"https:\/\/wncen.com\/?p=503701"},"modified":"2022-09-26T13:49:33","modified_gmt":"2022-09-26T13:49:33","slug":"tron-showing-hints-of-a-major-rebound","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tron-showing-hints-of-a-major-rebound\/","title":{"rendered":"TRON Showing Hints Of A Major Rebound After A Week Of Rout"},"content":{"rendered":"

Tron (TRX) holders have been on rough terrain since August with the bears dominating the market. The tables might be turning though in favor of the bulls as shown on the charts.\u00a0<\/span><\/em><\/p>\n

\n
TRX bulls hint at a comeback after a long period of takeover by the bears<\/span><\/li>\n
TRX price down by 0.87%<\/span><\/li>\n
RSI divergence hints at increased investor optimism<\/span><\/li>\n<\/ul>\n
According to CoinMarketCap, TRX’s price has plunged by 0.87% or trading at $0.0596 as of this writing. Apparently, Tron is trying to bounce back from its weekly low that registered at $0.056. <\/span><\/p>\n
It seems that the token is still traversing in the same range which validates a strong rebound from that level.\u00a0<\/span><\/p>\n
Related Reading: Algorand: ALGO Price All Go With Nearly 30% Rally In Last 7 Days<\/a><\/div>\n
TRON Market Demand Waning?<\/strong><\/h2>\n
Hence, there is evidently poor demand for TRX in the market which is normal whenever crypto tries to switch lanes from bearish to bullish.\u00a0<\/span><\/p>\n
Whale activity looks to be insufficient at this point and not gaining enough traction. Regardless, the supply of TRX has increased for the whales. <\/span><\/p>\n
There is hope as investor optimism ought to be amplified with the recent developments happening for Tron.\u00a0<\/span><\/p>\n
Tron\u2019s weighted sentiment index has shown no significant changes in the market. TRX is still stuck in its lower monthly range which explains the failed uptrend happening over the weekend. <\/span><\/p>\n
On the other hand, there are a couple of signals that promise the possibility of the bulls pivoting in the coming days.\u00a0<\/span><\/p>\n
TRX Bulls Waiting For The Next Big Wave<\/strong><\/h2>\n
TRX price might prevail and rebound from the support zone as further validated by its RSI. The RSI divergence shows increased optimism that the price may escalate in terms of buying pressure. <\/span><\/p>\n
On-chain metrics for Tron also feature the increase in demand over the derivatives markets as seen in the past couple of days.\u00a0<\/span><\/p>\n
Related Reading: Litecoin Price Watch: Why Only 15% of LTC Holders Are Making Profit<\/a><\/div>\n
$\"\"$ <\/p>\n
Chart: TradingView.com<\/a><\/pre>\n
Observation of the funding rates provides critical data because it validates the change in the derivatives market. These observations are usually tied up to the spot market.\u00a0<\/span><\/p>\n
While there are signals that hint at a bullish uptrend, the market sentiments reveal that the TRX bulls are on the sidelines and just waiting for the right timing to jump in when the crypto market improves.\u00a0<\/span><\/p>\n
On TRX price predictions, although the stablecoin is making progress, it still continues to drop which could go on for the next couple of trading sessions.\u00a0<\/span><\/p>\n
Tron\u2019s price may hover below the $0.054 level before September ends. More so, there is also a possibility that TRX’s price could slide below the $0.045 range. <\/span><\/p>\n
With the crypto market currently struggling, TRX prices could also move in the same direction. The bearish thesis will only be proven wrong if and when the price shoot above the $0.066 mark.\u00a0<\/span><\/p>\n
<\/p>\n
TRX total market cap at $5.5 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from CCN.com, Chart: TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Tron (TRX) holders have been on rough terrain since August with the bears dominating the market. The tables might be turning though in favor of the bulls as shown on the charts.\u00a0 TRX bulls hint at a comeback after a long period of takeover by the bears TRX price down by 0.87% RSI divergence hints at increased investor optimism According to CoinMarketCap, TRX’s price has plunged by 0.87% or trading at $0.0596 as of this writing. Apparently, Tron is trying to bounce back from its weekly low that registered at $0.056. It seems that the token is still traversing in the same range which validates a strong rebound from that level.\u00a0 Related Reading: Algorand: ALGO Price All Go With Nearly 30% Rally In Last 7 Days TRON Market Demand Waning? Hence, there is evidently poor demand for TRX in the market which is normal whenever crypto tries to switch lanes from bearish to bullish.\u00a0 Whale activity looks to be insufficient at this point and not gaining enough traction. Regardless, the supply of TRX has increased for the whales. There is hope as investor optimism ought to be amplified with the recent developments happening for Tron.\u00a0 Tron\u2019s weighted sentiment index has shown no significant changes in the market. TRX is still stuck in its lower monthly range which explains the failed uptrend happening over the weekend. On the other hand, there are a couple of signals that promise the possibility of the bulls pivoting in the coming days.\u00a0 TRX Bulls Waiting For The Next Big Wave TRX price might prevail and rebound from the support zone as further validated by its RSI. The RSI divergence shows increased optimism that the price may escalate in terms of buying pressure. On-chain metrics for Tron also feature the increase in demand over the derivatives markets as seen in the past couple of days.\u00a0 Related Reading: Litecoin Price Watch: Why Only 15% of LTC Holders Are Making Profit Chart: TradingView.com Observation of the funding rates provides critical data because it validates the change in the derivatives market. These observations are usually tied up to the spot market.\u00a0 While there are signals that hint at a bullish uptrend, the market sentiments reveal that the TRX bulls are on the sidelines and just waiting for the right timing to jump in when the crypto market improves.\u00a0 On TRX price predictions, although the stablecoin is making progress, it still continues to drop which could go on for the next couple of trading sessions.\u00a0 Tron\u2019s price may hover below the $0.054 level before September ends. More so, there is also a possibility that TRX’s price could slide below the $0.045 range. With the crypto market currently struggling, TRX prices could also move in the same direction. The bearish thesis will only be proven wrong if and when the price shoot above the $0.066 mark.\u00a0 TRX total market cap at $5.5 billion on the daily chart | Source: TradingView.com Featured image from CCN.com, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":503705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83383],"tags":[1144,65296,8686,11808,11993,86975,86464],"class_list":["post-503701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-tron-trx","tag-btcusd","tag-ethbtc","tag-ethusd","tag-tron","tag-trx","tag-trx-bulls","tag-trx-price"],"acf":[],"yoast_head":"\nTRON Showing Hints Of A Major Rebound After A Week Of Rout<\/title>\n<meta name=\"description\" content=\"Tron (TRX) holders have been on rough terrain since August with the bears dominating the market. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"TRON Showing Hints Of A Major Rebound After A Week Of Rout","url":"http:\/\/wncen.com\/news\/tron-showing-hints-of-a-major-rebound\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/tron-showing-hints-of-a-major-rebound\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Tron-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Tron-1.png?fit=1058%2C661"},"articleSection":"Tron","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethbtc","ethusd","tron","trx","trx bulls","trx price"],"dateCreated":"2022-09-26T15:30:58Z","datePublished":"2022-09-26T15:30:58Z","dateModified":"2022-09-26T15:30:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TRON Showing Hints Of A Major Rebound After A Week Of Rout\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/tron-showing-hints-of-a-major-rebound\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/tron-showing-hints-of-a-major-rebound\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Tron-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Tron-1.png?fit=1058%2C661\"},\"articleSection\":\"Tron\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethbtc\",\"ethusd\",\"tron\",\"trx\",\"trx bulls\",\"trx price\"],\"dateCreated\":\"2022-09-26T15:30:58Z\",\"datePublished\":\"2022-09-26T15:30:58Z\",\"dateModified\":\"2022-09-26T15:30:58Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Tron-1.png?fit=1058%2C661","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/503701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=503701"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/503701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/503705"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=503701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=503701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=503701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}