Based on today's classical pivot point (P1) with the value of $0.3249, TRON has support levels of $0.3229, $0.3208, and the strongest at $0.3188. Similarly, TRON resistance levels are at $0.3270, $0.3290, and $0.3311.
| # | Price | Strength |
|---|---|---|
| S1 | $0.3229 | |
| S2 | $0.3208 | |
| S3 | $0.3188 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.3270 | |
| R2 | $0.3290 | |
| R3 | $0.3311 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 50.56 | NEUTRAL |
| Stoch RSI (14) | 76.76 | NEUTRAL |
| Stochastic Fast (14) | 55.42 | NEUTRAL |
| Commodity Channel Index (20) | 46.46 | NEUTRAL |
| Average Directional Index (14) | 20.52 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -44.58 | NEUTRAL |
| Bull Bear Power (13) | 0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 45.19 | NEUTRAL |
| VWMA (10) | 0.32 | BUY |
| Hull Moving Average (9) | 0.32 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.32 | NEUTRAL |
Over the past 7 days, TRON price was most positively correlated with the price of Sun Token (SUN), Optimism (OP), Immutable X (IMX), Algorand (ALGO) and Flare (FLR) and most negatively correlated with the price of Venice Token (VVV), Morpho (MORPHO), World Liberty Financial (WLFI), Jito (JTO) and Pyth Network (PYTH).
| Name | Correlation |
|---|---|
| Sun Token | 0.887 |
| Optimism | 0.881 |
| Immutable X | 0.856 |
| Algorand | 0.851 |
| Flare | 0.817 |
| Name | Correlation |
|---|---|
| Venice Token | -0.453 |
| Morpho | -0.368 |
| World Liberty Financial | -0.214 |
| Jito | -0.212 |
| Pyth Network | -0.167 |
TRON price is positively correlated with the top 10 coins by market cap with a price of 0.595, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.517.
Currencies that are positively correlated with TRON indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with TRON, a move in one direction for TRON would translate into a move in the opposite direction for the negatively correlated coin.
