- September didn’t start well for digital assets
- Tron has looked promising since September began
- Tron’s price is strongly bullish at press time
Tron News Today – since the beginning of September, the price of Bitcoin (along with that of many altcoins) has taken a turn for the worse. Even though the price of Bitcoin has continued to trade above the important $11k-mark, the price of altcoins like Polkadot reportedly lost 5% of its trading value in the last 24-hours. This drop wasn’t uniform across the digital asset market. Meanwhile, the likes of Tron have continued surging on the charts. Let’s see how Tron and others performed.
Tron has Looked Promising Since September
Tron’s price movement since the beginning of September has been promising. While the digital currency showed some limitations due to some sideways movement towards the end of August, it was able to post a strong breakout over the last few days. During the last 3 days, YTX has surged by 35% taking Tron’s press time price to $0.0367.
However, the price of TRX faced some resistance after registering a total market cap of $2.6 billion. If the price of TRX falls, strong support areas will be available at the $0.033 and $0.28 level. The MACD and RSI indicate strong bullish momentum. this is well-positioned in the overbought region. Recently, Tron announced that it will be launching SUN. SUN will operate on Tron’s network. It can be mined with SUN genesis mining.
Polkadot Was Trading at $5.9 at Press Time
At press time, Polkadot was number five on CoinMarketCap’s charts. It held a total market cap of $5 billion. In recent days, the digital asset has traded between the $5.7 and $6.4 price areas. Polkadot was trading at $5.9 at press time. With a 24-hour trade volume of $597 million. The BB (Bollinger Bands) remain contracted. Which indicates that there are no signs of volatility. The MACD pattern is showing signs of a price drop after undergoing a bearish crossover. In terms of development, it was reported recently that Polkadot has stepped up its efforts to ensure that smart contracts on the Ethereum network can interact directly with Polkadot.
DigiByte had Support at $0.023 Press Time
Unlike the above two cryptos on the list, September negatively affected DigiByte’s price action on the charts. The crypto’s price fell by a whopping 12%. DGB is trading near $0.023, at press time. Its EMA ribbons settled above the price. They have maintained strong resistance at the $0.026 range. There’s strong support at $0.023, the position where the coin is currently testing. The Stochastic indicator has entered the oversold position and could mean trouble for the asset.