TRON (TRX) has seen a good 24-hour session, which saw its price spiking over 3.4% to $0.11 This comes after a bullish week for the cryptocurrency which increased in value by over 5%.
Although the trading volume decreased slightly last week, The circulating supply of TRX experienced a modest change which led to its market cap surpassing $10 billion. This leaves TRX among the top 12 cryptocurrencies in terms of market capitalization.
Assessing the technical indicators, Bollinger Bands indicates that TRON’s price fluctuation is still minimal in both terms of day and week. This may be a period of consolidation after the recent accumulative gains.
In general, TRON’s recent performance has been viewed as a positive sign for the coin. Given its healthy market cap and contained volatility, TRX may be set to rally yet again over the next few weeks.
