Bitcoin surged to over $ 27,000 on December 27th and is currently trading at $ 27,597. Tron has recorded some gains in the past few days, but its recent losses have fueled bearish pressure on the market. Zcash could be ready to test a resistance level as its momentum shifts in favor of the market’s bulls.

 

Tron (TRX) price analysis

TRX lost strength from a bounce from the $ 0.024 support level while sliding slightly in the previous few hours, and then entered the “gold pocket”, the zone between the 61.8% and 65% Fibonacci retracement levels.

The RSI broke the neutral 50 line to indicate a trend lacking in the short term. For TRX, the move over the past weeks was a downside correction from the local high of $ 0.039 in late November.

Evidence suggests that bears in the market dominate the market. This could change if the $ 0.03 level could turn into support. However, the 50% retracement level was left to the bears twice in December.

 

Zcash (ZEC) price analysis

ZEC climbed above the $ 66.2 level to turn it into support. The Awesome Oscillator is trending upwards, while the Directional Movement Index has moved from a downtrend to an uptrend. + DMI (blue) rose above -DMI (pink), while ADX (yellow) remained above 20.

See Also
Tron and Cosmos price analysis: Water is boiling at TRX! ATOM is getting colder

This could result in ZEC testing the $ 71.2 resistance level soon.

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