TRX Price Analysis for December 22

Bulls remain more powerful than bears, according to CoinStats.

TRX/USD

The rate of XRP is almost unchanged since yesterday.

On the hourly chart, the price of TRX is in the middle of the narrow channel, gaining energy for a further move. However, there are low chances to see any sharp moves today as most of the daily ATR has been passed.

A similar situation can be seen on the daily chart. Thus, the volume has dropped, which means that neither buyers nor sellers have accumulated enough strength for a further move.

In this case, sideways trading around $0.1050 is the more likely scenario for the next few days.

From the midterm point of view, the rate of TRX has once again bounced off the zone of $0.10. If the bar closes far from it, the rise may continue to the $0.11 area.

TRX is trading at $0.10426 at press time.