Price Analysis

Tron (TRX) Exhibits Loss Amid Heavy Ups and Downs

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Tron price movement has been quite disappointing in the last quarter. The current month has shown some improvement in the momentum, but due to volatility, TRX price has been falling. The traders are relieved as Tron has withdrawn itself from the steep fall.

The last week has seen ups and downs, which has altogether brought loss in the price of Tron. For the intraday traders, the currency is expected to bring a loss as the market is looking bearish.

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Tron Price Prediction

Tron started dealing at $0.015733 on October 13 and closed the day at $0.016119. The progression marked was 2.45%. On the next day, the TRX price escalated to $0.016878 by 1.71%. On October 15, the price started falling and moved to $0.015762 by 6.61%. On October 16, the price shifted to $0.15160 and booked a drop of 3.82%. On the next day, the coin recovered marginally and touched $0.015409 by 1.64%. On October 18, TRX price floated around $0.015426. The same trend was marked yesterday also. Today, Tron is trading downwards, and hence, it may close the day by trading around next support around $0.0152.

Tron
Tron Price Chart by TradingView

Tron price is heading downwards as of now. There are also strong anticipations that the currency would trade below yesterday’s low $0.015221. Here is the list of calculated resistance and support level:

Resistance Level Price Support Level Price
R1 $0.015813 S1 $0.015229
R2 $0.016101 S2 $0.014933
R3 $0.016397 S3 $0.014645

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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