TRX Price Performance and Relative Strength

TRON TRX

Current Price

$0.3177 +0.96%

$0.0033 Daily Range (1.03%)

$0.3146$0.3179

$380.96M Daily Volume

5,663 BTC

Vol/MktCap: 1.27%

Overbought

HTF: 46 (Neutral)

Market Performance

+0.32% 0.00000472 BTC

+0.46% 0.0002 ETH

+0.95% 0.3177 USDT

+0.11% 0.0005 BNB

+0.94% 0.2407 XRP

1.74% Relative BTC Volume

The total volume of TRON is $380.96M over the past 24 hours, compared to $21.90B total Bitcoin volume.

Hourly Moving Average

8 SMA $0.3172 +0.15%

13 SMA $0.3169 +0.25%

21 SMA $0.3163 +0.45%

55 SMA $0.3153 +0.74%

144 SMA $0.3166 +0.33%

+0.10% 1 Hour Change

$0.3177 from $0.3174

+0.33% 7 Day Change

$0.0011 from $0.3166

+2.34% 14 Day Change

$0.0074 from $0.3103

+12.34% 30 Day Change

$0.0392 from $0.2785

December 4, 2024

$0.4313 -26.34%

-$0.1136 vs. now

$30.11B Market Cap

447,561 BTC

24H Change

282.94M USD +0.95%

4,206 BTC

Total Supply: 94.77B TRX

94.76B TRX Available

100.00% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.

Relative Supply Ratio

4,735.60 x BTC Supply

+4,585 more

4,736:1 supply ratio

RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.

Relative Trade Volume

1.20B TRX traded over past 24 hours

1.27% of circulating supply A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.

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TRON AI Market Analysis

TRON (TRX) is currently priced at $0.317171, showing a modest 24-hour change of 0.83552%. The daily trading range has been narrow, with a high of $0.317812 and a low of $0.314382, indicating stable price action amid a volume of 380,151,815, which corresponds to a volume-to-market cap ratio of 1.26%.

Technical indicators reveal a bullish sentiment in the short term, with hourly moving averages showing upward momentum: the 8 SMA is at $0.3166 (+0.19%), and the 13 SMA is at $0.3161 (+0.33%). The 1-hour RSI is elevated at 77, suggesting that TRX may be overbought in the short term, while the 7-day RSI is at 49, indicating a more neutral medium-term outlook.

In terms of price momentum, TRX has shown a positive 7-day price change of 0.359% and a notable 14-day increase of 2.688%. The 30-day change of 12.135% reflects stronger bullish sentiment, suggesting that TRX is recovering from prior price corrections and could be building support above $0.31.

The all-time high for TRX stands at $0.431288, reached on December 4, 2024, providing a potential resistance level to monitor. Current price action suggests that TRX may retest previous highs if bullish momentum continues, especially given the positive longer-term price trends.

Considering the current market conditions, TRX exhibits strong short-term support and is in a recovery phase with encouraging longer-term trends. Therefore, the rating is a Buy, as the price is positioned for potential upward movement towards the resistance level near the all-time high, coupled with bullish technical indicators.

Updated 202 minutes ago.