- $HTX shows consolidation, but RSI and KDJ hint at potential short-term recovery.
- $TRX’s bullish momentum could continue if it stays above key support levels.
- $SUN’s positive RSI suggests a potential rebound, but support must hold for recovery.
The cryptocurrency market has been quite volatile recently with several market participants on the move. According to Justin Sun, the founder of TRON, there aren’t many people who step in to buy when prices are reversing. This statement could reflect the current uncertainty and market volatility, as investors are unsure whether it’s the right moment to enter the positions.
倒车还来接的人，不多啊 https://t.co/nBRgkXDtm5
— H.E. Justin Sun 🍌 (@justinsuntron) December 12, 2024
$HTX Price Trend and Indicators
$HTX is trading at $0.000003 with a 24-hour trading volume of $30,178,587. It is a 10.50% increase in 24 hours. It recently surged to $0.000004004 before experiencing a sharp sell-off which revealed some volatility.
Major support is pegged at $0.000004004 and this price level may be threatened by selling pressure should the price move up. On the downside, there are supports at $0.000002267 and $0.000001337 and the latter is a large support level in the price history of the currency.
Furthermore, indicators such as the RSI and KDJ show positive momentum, with RSI up by 7.26% and KDJ by 2.82%. This suggests a short-term recovery, although confirmation is necessary for a more confident entry. Reduced trading volume during the consolidation phase signals indecision among traders, so patience is key here.
$TRX Price Movement and Opportunities
TRON ($TRX) is trading at a price of $0.304605 with a 12.00% change over the last 24 hours. Trading volume is $1,996,224,192. It used to have a very steep upward run all the way to $0.449313 but it has since pulled back and is currently consolidating at $0.270680 and $0.228345.The recent peak at $0.449313 now becomes a major resistance level with $0.270680 and $0.228345 as important support zones.
The RSI readings for TRX also point to bullish momentum, with a 24-hour increase of 8.13%. This suggests that if TRX holds above its support levels, there could be potential for further upward movement. However, a break below $0.228345 could signal deeper declines.
$SUN Price Outlook
The last 24 hours are also very good for $SUN which has registered a milestone 10.19% increase and is now selling for $0.026780. However, the price entered a consolidation trend after pulling back from $0.04250. Now the price is stuck between $0.024072 and $0.02249.
The key resistance is at two points, one at $0.042504 and another at $0.02518. On the downside, support levels are $0.02249 and $0.02229.
Similarly, $SUN’s RSI readings are showing some positive momentum as their 24-hour figure is up by 7.98%. The short-term support levels could rebound if the price continues to stay above them. But a break below these support levels would probably see further drops.