Altcoins Price Analysis

Theron price analysis; Stabilization or further price growth?


Theron market has experienced a significant decline in the last 3 days and has now entered the price stabilization phase. If the market continues to rise, there is a chance that the price will reach the level of $ 0.1095 in the short term and then climb to higher targets.

to the Report “The Market Periodical”, in the view of Theron Market in daily timeframe, the pattern of the descending Dodge star is taking shape. Tron prices fell 9.56 percent on Friday and 6.64 percent on Thursday, reaching $ 0.1052 at the end of the day. At the time of writing, Theron is trading at around $ 0.1056 and the price has fallen 2.26% in the last 24 hours.

Yesterday’s volatility pushed the price to $ 0.10787 in the early hours of the morning. Prices are now expected to fall deeper and hit a new daily low. However, if the market rises, there is a possibility that the price will rise to the level of $ 0.1095. When the price reaches this level and hits below both the simple moving averages of 20 and 50 days, if the price does not rotate downwards, it will forcefully break these two averages and stabilize on top of these two dynamic resistances, in Pulbeck (back At the level near the moving average, the price can enter the market and wait for the price stations of $ 0.121237 to $ 0.11453 and finally $ 0.12151.

On the other hand, with the price stabilizing below $ 0.10340 and breaking it, the next support stations will be $ 0.1 and $ 0.095, respectively.

Theron price analysis;  Stabilization or further price growth?
Theron price chart (click on the image to see the original size)

Yesterday, the volume of electronic transactions increased by 17.52% to $ 2.441 billion, and this figure has increased by 4% in the last 24 hours.

The number of addresses related to long-term investors was 79,350 and the number of addresses that were active in the last 24 hours was 813,049. The volume of circulation of theron is 71.66 billion units and its total supply is unknown.

As shown in the chart above in the four-hour timeframe, the average moving average (SMA) of 20 candlesticks (green) fluctuates above the simple moving average of 200 candlesticks (blue) in Theron market view and is constantly interrupting the moving average. Simple 50 candlesticks (red). In general, the short-term fluctuations of the thrones are in the range of moving averages of 20, 50 and 200 candlesticks, and in the current situation, the price is on the moving average of 50 candlesticks.

The Relative Strength Index (RSI) indicates the right time to buy or sell an asset. This index has been at the level of 47.90 for the last 5 hours in the neutral zone.

Moving averages of 5, 10 and 20 candlesticks show a buy position in the short term and moving averages of 50 and 100 candlesticks show a sell position in the long term. With these interpretations, it can be said that before the price falls again, the price of theron will be expected to recover to the mentioned resistance levels (moving averages and above them) and the current condition of theron seems to be suitable for mid-day trading.

The Buyer to Sellers Ratio Index (BBPT) is at the level of 0.0010 and indicates the buying action. The ceiling-to-floor ratio of this index is also at the level of 0.0019 and shows that buyers are active.

The market price of “Theron / Bitcoin” is at the level of 0.0000000224 and has decreased by 9.95% in the last 24 hours. Theron / Ethereum pair is also at the level of 0.0000003105 and the price has experienced a decrease of 7.66% in the last 24 hours. The ratio of trading volume to the value of Theron market is 0.3188 and its dominance rate over the digital currency market is 0.36%.

Since we see higher ceilings and lower floors in the Throne price chart, and rapid dips and rallies, it can be concluded that the Throne price movements in the chart send out vague signals.

You can sell if you make a good profit, however, if you decide to keep your assets, there is a chance that prices will rise further in the coming days. Those who want to buy Theron are doing so now, as the price is above the moving average of 50 candlesticks and is expected to recover in the market.

The price fluctuation range during the last trading week was $ 0.10337 to $ 0.120445 and currently each unit of the tron ​​is trading at $ 0.1056. The historical peak price was $ 0.3004 and the historical floor was $ 0.001091. At current prices, the return of theron has been 4,476% since its launch.

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