In accordance with the candlestick chart linked to the TRX/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], we can determine that TRON is being affected by sellers prevalent in the market. Post-29th October, the MACD line began moving closer to the signal line, which resulted in the emerald histogram appearing faded consecutively. This points towards the dawn of bearish forces that have since crept in.
However, the peaks tied to the Awesome Oscillator have possessed the green shade for the past week. This indicates that bullish pressure is yet to disappear and shall return to impact TRX in November. In my opinion, the asset may be valued at $0.03 in December if less fluctuation and more progress is observed. The daily RSI [for 14 periods] sits at 62.81; $TRX was in overbought territory 2 days ago. Barriers may come into effect at $0.023, and support can be found adjacent to the $0.13805 mark.
According to the candlestick chart connected to the XMR/USD pair on tradingview [based on data obtained from the Poloniex Exchange], Monero has been consolidating for more than a month and may continue to do so unless fresh buyers look to control the performance of this privacy-centric virtual currency. The final peak tied to the Awesome Oscillator [related with today’s run] bears the brown shade, which points towards the arrival of bearish momentum.
The daily RSI [for 14 periods] is at 51 and has remained stable since 30th October; this signifies that XMR is advancing through the neutral zone. Post-28th October, the MACD line has gradually shifted south, thereby causing the space between the aforementioned line and the signal line to shorten. The mark of resistance was created at $70.843266 on the 26th of October, and support lies close to $50.3456. I expect Monero to shoot up beyond $62 by the end of November.
TRON is ranked at #10 in the market. The trading volume recorded stands at roughly $1.219 billion, and the total market cap of TRON is $1.366 billion. The price plunged at a rate of 3.11% in the course of the past 24-hours which, in turn, brought TRX all the way down to the $0.02050 mark where it presently rests.
Monero is positioned at #13 and has successfully bounced back in the market. In a matter of hours, the price received a boost amounting to 0.64% which helped XMR recover and soar to reach $59.42 where it currently holds. The trading volume recorded is $196.243 million, whereas the supply has 17,284,868 XMR coins involved as part of circulation. The total market cap of Monero is $1.027 billion.