Tron Initiates Recovery with a 5.89% Gain Overnight

• Tron gains 5.89% in the last 24 hours to touch 0.0151 USD
• It may find the next resistance at 0.0156 USD

Tron seems to have started its recovery, and over the last 24 hours, it has been up by 5.89% and reached 0.0151 USD. It has shown three major price changes in this period, and the range of the swings lies between 0.0142 USD and 0.0153 USD.

Tron Price Analysis

Tron opened the day at 0.01434 USD, and over the next 13 hours and 45 minutes, it gained 5.77% to add 0.0008 USD and got placed at 0.01517 USD. The second swing started at 16:51 UTC as a sign of weakness, and in the next 5 hours and 9 minutes, it lost 2.73% and got pushed to 0.01496 USD. The last swing for the day happened between 22:00 UTC and 02:56 UTC, which added 0.0003 USD to scale the value as high as 0.01527027 USD.

The market cap of TRX has also witnessed a significant rise in these hours. Between October 24 and 25, the market cap has risen from 1.02009 billion USD to 1.0205 billion USD.

Tron’s 20-day average stands at 0.015701USD, and its 50-day average stands at 0.015423 USD. The current trading price is 0.01519445 USD, which is 1.48% and 3.22% less than the 50-day average and 20-day average, respectively. According to current price trend and TRX coin price prediction, the coin might continue the current positive momentum and cross the next resistance around $0.0156 soon.