Ethereum, the largest altcoin, stood firm in the face of a turbulent coin market, whereas Tron [TRX] moved a notch up from its 12th position to the 11th position, on cryptocurrency charts.
1 Day ETH chart
Ethereum [ETH] recorded a 24 hour trading volume of over $9 billion, with its market cap around $26 billion, at press time.
An uptrend from $150.16 to $266.57 and a downtrend from $204.15 to $159.72 was noted. Resistance stood at $272.19, with support at $82.08.
Parabolic SAR depicted a bearish market as the dotted markers were seen above the candles.
MACD suggested a bearish crossover on the cryptocurrency charts.
Relative Strength Index projected equilibrium in buying, selling pressures in the market.
1 Day TRX chart
TRX registered a 24 hour trading volume of $1.31 billion, while it had a market cap of $2.3 billion.
An uptrend was noted from $0.0130 to $0.0227 on the charts. Resistance was found at $0.0384, while supports were found at $0.0222 and $0.0117.
Klinger Oscillator demonstrated a bearish market for TRX.
Awesome Oscillator indicated a small phase of bearish selling opportunity.
Chaikin Money Flow pointed towards growing money inflow into the market.
Both ETH and TRX remained firmly on the bears’ side.
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