Price Analysis

Tron (TRX) Initiates a Price Recovery; Resistance May Come at $0.0136

Tron has been able to show a moderate recovery over the last 24 hours. It has witnessed three major price swings in this period and made an overall gain of a marginal 0.56%. The range of the swings lies between $0.0130 and $0.0138. TRX coin is currently being traded at $0.01331587.

Tron Price Analysis

Tron coin was trading at $0.01324118 when it opened the day, and over the next few minutes, it started downside movement. The first major price swing happened between 00:29 and 15:56 UTC. Over these 15 hours, the currency made a gain of 2.72% that pushed the TRX price to $0.01343400. The next variation started at 16:15 UTC and by 19:28 UTC, it helped Tron to add 4.40%. The value got scaled to the highest of the day at $0.01382826. However, this high figure could not be sustained for long. Between 19:28 and 01:01 UTC, Tron cryptocurrency faced a price drop that made it lose 4.38% and confined the value to $0.01322439.

Tron Price News
TRX/USD Chart By TradingView

TRX’s 20 days MA is at $0.01329874, and it’s 50 days MA rests at $0.0133168. Currently, the Tron coin is trading at $0.01331587, which is 0.0069% less and 0.12% more than the 50 days and 20 days MAs, respectively. The currency is likely to have the next few days in gaining made. The next resistance may come at $0.01365667.

TRON (TRX) Resistance and Support Levels
1st Resistance $0.013655
2nd Resistance $0.013899
3rd Resistance $0.014097
1st Support $0.013213
2nd Support $0.013015
3rd Support $0.012771
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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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