fbpx
Price Analysis

Tron Makes a Good Start, Can It Be Sustained?

  • Tron gains 14.6% in the last 24 hours and goes as high as 0.0164 USD.
  • The next resistance may come at 0.0189 USD.

Tron has followed the market norms, and it also has become one of the major coins to have brought bullish run over the last 24 hours. It has been up by 14.60% in this period, and two of the three price swings denote an upward movement of the coin.

Tron Price Analysis:

Tron opened the day around 0.0143 USD, and over the next 7 hours and 44 minutes, it strengthened to add 0.0012 USD and got placed at 0.01562856 USD. The second swings started at 09:17 UTC, and by 20:15 UTC, it got increased by 8.53% and went to touch 0.01659774 USD. However, the value could not stay there for long, and it has to face price correction soon, and by 00:49 UTC today, TRX was down to 0.01609301 USD after a 3.04% cut.

Tron Price
Tron Chart By TradingView

The market cap of Tron also has taken a major shift in the last few days. On October 06, the market cap was at 986.17 million USD, whereas it has been increased to 1.090 billion USD as per the current data.

Tron Price Prediction:

Tron’s 20-day moving average is going way above its 50-day average, and due to the recent hike, its current price is also chasing both the lines. It shows that it may get strengthened in the upcoming few days and it may find resistance at 0.0189 USD.

Tron (TRX)Resistance and Support Levels
1st Resistance$0.017067
2nd Resistance$0.017779
3rd Resistance$0.018984
1st Support$0.01515
2nd Support$0.013945
3rd Support$0.013233

Tags

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.

Related Articles

Back to top button
Close