Price Analysis

After a Week of Declining Action, Tron Marked an Intraday Hike of 8%

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Tron Foundation has recently announced that the Bit Torrent File System (BTFS) has been successfully integrated to Bittorrent Client. Further, the target for the 3rd quarter has been accomplished by the foundation. Moreover, the chain has put forward the idea of 100% integrated of BTT into Bittorrent decentralized economy in the near future.

Tron to USD Price Analysis:

On September 06, Tron was trading around 0.015 USD. However, today after 25-days, the coin has gone down by 2.93%. On the contrary, the crypto has moved up by a margin of 12.22% from its earlier level of 0.0129 USD where it was trading on September 26. Similarly, in intraday trading, the crypto hiked by a substantial margin of 8.4% from the opening price of 0.013399 USD. It finally closed yesterday at 0.014524 USD.

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Tron Price
Tron Chart By TradingView

At present, the crypto is having an immediate resistance at 0.0152 USD and the support level is at 0.0134 USD.

The implementation of BTFS will have long-term ramifications for the chain. As far as trends are concerned, the short-term is bearish. However, TRX will give good returns in the long and medium term.

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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