Based on today's classical pivot point (P1) with the value of $0.3527, TRON has support levels of $0.3501, $0.3466, and the strongest at $0.3441. Similarly, TRON resistance levels are at $0.3562, $0.3588, and $0.3623.
| # | Price | Strength |
|---|---|---|
| S1 | $0.3501 | |
| S2 | $0.3466 | |
| S3 | $0.3441 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.3562 | |
| R2 | $0.3588 | |
| R3 | $0.3623 |
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) | 79.01 | SELL |
| Stoch RSI (14) | 91.28 | SELL |
| Stochastic Fast (14) | 94.52 | SELL |
| Commodity Channel Index (20) | 89.33 | NEUTRAL |
| Average Directional Index (14) | 57.25 | BUY |
| Awesome Oscillator (5, 34) | 0.02 | NEUTRAL |
| Momentum (10) | 0.01 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -5.48 | SELL |
| Bull Bear Power (13) | 0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 57.55 | NEUTRAL |
| VWMA (10) | 0.35 | BUY |
| Hull Moving Average (9) | 0.35 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.34 | NEUTRAL |
Over the past 7 days, TRON price was most positively correlated with the price of Quant (QNT), Immutable X (IMX), Conflux (CFX), Canton (CC) and Dogecoin (DOGE) and most negatively correlated with the price of Beldex (BDX), Terra Classic (LUNC), APENFT (NFT), Polygon Ecosystem Token (POL) and Jasmy (JASMY).
| Name | Correlation |
|---|---|
| Quant | 0.826 |
| Immutable X | 0.789 |
| Conflux | 0.720 |
| Canton | 0.614 |
| Dogecoin | 0.594 |
| Name | Correlation |
|---|---|
| Beldex | -0.573 |
| Terra Classic | -0.548 |
| APENFT | -0.495 |
| Polygon Ecosystem Token | -0.443 |
| Jasmy | -0.417 |
TRON price is negatively correlated with the top 10 coins by market cap with a price of -0.142, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.085.
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.
