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Tron, BAT, VeChain Price Analysis: 19 June - AMBCrypto
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With Bitcoin hovering just above the $35,000-mark, the broader altcoin market found itself in a scurry. Altcoins such as BAT and VET did trim some of their losses over the last 24 hours, but bears were still dominant in each of their respective markets. While TRX also noted selling pressure, the RSI’s bullish divergence induced some optimism with respect to its short-term trajectory.
Tron [TRX]
An
ADX reading of 15 suggested a weak trend in Tron’s market as the cryptocurrency maintained its channel of $0.074 and $0.066. Huge price swings were unlikely considering low volatility and TRX would likely oscillate between the aforementioned region over the coming sessions. While the
RSI traded in neutral territory at press time, its uptrend was an interesting development. Not only did the index show a bullish divergence with respect to the price, but also pointed to stronger price action in the near future.
A hike above the $0.074-resistance would see the cryptocurrency head towards its next ceiling at $0.0841.
Basic Attention Token [BAT]
At the time of writing, Basic Attention Token seemed to defend the $0.591-support as focus shifted to the upper trendline of its down-channel. The
RSI highlighted oversold conditions in the market, but recovered over the last few sessions.
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