TRON

Polygon

<a href="https://coinmarketcap.com/currencies/tron/" rel="noopener noreferrer nofollow">TRX </a>is currently trading at $0.077762, up 0.42% in the last 24 hours. It has a market capitalization of $6,989,743,224, ranking 11th among all cryptocurrencies. The coin has a circulating supply of 89,885,964,519 TRX and a maximum supply of 100,850,743,812 TRX.The coin has been facing resistance from the 50-day moving average (MA), currently at $0.0853. The 50-day MA has also crossed below the 200-day MA, forming a bearish death cross.If Tron could break above the 50-day MA and the resistance level of $0.09, it could target the next resistance levels of $0.11 and $0.13, which are the 61.8% and 50% Fibonacci retracement levels, respectively. On the other hand, if Tron fails to hold above the support level of $0.067, it could slide further to the next support levels of $0.06 and $0.05, which are the psychological and historical lows, respectively.The coin has formed a bullish divergence with the relative strength index (RSI), a momentum indicator measuring the strength of price movements. The RSI is 52.41, indicating that the coin is neither overbought nor oversold. A bullish divergence occurs when the price makes lower lows while the RSI makes higher lows, suggesting that the selling pressure is weakening and the buyers are gaining strength.<a href="https://coinmarketcap.com/currencies/polygon/" rel="noopener noreferrer nofollow">Polygon </a>is currently trading at $0.701440, down 0.92% in the last 24 hours. It has a market capitalization of $6,537,047,356, ranking 12th among all cryptocurrencies. The coin has a circulating supply of 9,319,469,069 MATIC and a maximum supply of 10,000,000,000 MATIC.Read full article at <a href="https://cryptotale.org/bullish-divergences-in-tron-and-polygons-market-trends-an-overview/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bullish Divergences in Tron and Polygon's Market Trends: An Overview

CryptoTale

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