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Price Analysis

Tron Flattened by 5.5% Overnight; Bleak Chances of Recovery for Now

Tron has become one of the largest victims of the current market slowdown on the last day. It has decreased by almost 5.5% in this period, and now its value is roaming at 0.0145 USD. Here is an analysis of the four significant price changes of Tron over the last one day.

Tron Price Analysis and Predictions

TRX coin faced a price correction right at the opening of the day between 00:11 and 06:51 UTC, and in this period, Tron lost 5.55% to be placed at $0.01490. After the next few hours of volatility, the TRX coin took another fall and cut down 4.42% by 16:07 UTC. It was followed by a decent yet not enough growth of 1.73%, which had a break at $0.01505103. The third swing added an overall value of $0.0002. The latest swing was a decrease in the Tron price by 3.10%, and it happened between 00:02 UTC and 05:24 UTC today. This shifted the TRX price from $0.01497373 to $0.01451252.

Tron Price
Tron Chart By TradingView

Tron has lost big in the last day, and this is not likely to stop anytime soon. The coin may face the next support at 0.0143 USD, and the medium-term of the coin is expected to be bullish. These are the next probable resistance and support for the coin

Tron (TRX)Resistance & Support Levels
1st Resistance$0.015490333
2nd Resistance$0.016025667
3rd Resistance$0.016341333
1st Support Level$0.014639333
2nd Support Level$0.014323667
3rd Support Level$0.013788333
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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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