TRON’s Galaxy Score looked optimistic TRX’s Relative Strength Index (RSI) was oversold, which was bullish According to a report by LunarCrush, TRON [TRX] had made it on the list of cryptos that had the highest Galaxy score. This was optimistic for TRX, as it indicated a price pump in the coming days. Read TRON’s [TRX] […]
as it indicated a trend reversal in the near future. Moreover, TRON’s development activity also went up over the last week, which was by itself a positive signal for the blockchain.’s NFT ecosystem witnessed a decline over the last week as its total NFT trade count and trade volume in USD, after spiking, registered a decline.
Furthermore, TRX also failed to maintain its popularity in the crypto community as its social volume decreased over the last few days.TRX’s market indicators showed a sign of revival, but caution was still suggested as the readings flashed mixed signals. The Exponential Moving Average Ribbon revealed that the bears had an edge.
On the contrary, the Money Flow Index was resting just below the oversold zone, thus increasing the chances of a northbound price movement. The Chaikin Money Flow also registered an uptick, which looked promising for TRX.Subscribe to get it daily in your inbox.
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