Tron (TRX) is performing well for the bulls, and the asset is showing bull flags according to technical indicators provided by TradingView.
Trading at $0.07826 as of press time, TRX was sitting on a daily gain of 8.2% as the asset recorded a 100% increase in trading volume within the same period.
Despite the rising valuation, TRX’s volatility levels seem to be increasing as the Bollinger bands used in estimating volatility diverge away from each other, displaying increased volatility levels.
The relative strength index indicator is also moving in above its average line, a positive indication of a bullish trend on TRX, as the MACD indicator also now moves high above in the positive region, technically indicating a bullish trend on the asset.
Tron is sitting at 11% for the week as the total cap for the asset stood at $412,092,598 as of press time, with a circulating supply of 90,342,261,289 TRX.