Price Analysis

Tron (TRX) Might Attain Stability at $0.013; Recovery Seems Farfetched

eToro

Tron is one of the most affected coins by the market pressure. The traders of TRX coin are disappointed by the current scenario. They are looking forward to some recovery which we believe is quite far. There was a high expectation from the last month, but that has also fallen flat. If we look at yesterday’s price movement, Tron was seen touching a low at $0.013464 and a high at $0.013892. The volume marked as $573,461,375.

Tron Price Analysis & Forecast

Yesterday, the TRX coin started at $0.013682 and went up to $0.013793 within the first few hours. The upward movement was of 0.81%. Further, the price fell and took the Tron to $0.013550 by 1.76%. There was a slight recovery spotted which brought the TRX price to $0.013735 again by 1.37%. There was a drastic fall that took the coin to $0.013377 by 2.61%.

eToro Crypto

Towards the end of the day, there were two escalations noted. The first took Tron price to $0.013609 from $0.013370 by 1.79%. The other took to $0.013678 from $0.013545 by 0.98%. The intraday loss was of 1.18% as TRX closed the day at $0.0135. Today, it has started the day with some stability and currently, it is trading around $0.0135.

TRX price analysis
Tron Price Chart by TradingView

Today, the Market Cap of Tron is 904,230,771 USD. The 24-hour volume is at 575,940,377 USD. The circulating supply is at 66,682,072,191 TRX. We are hopeful that TRX might bounce back by the year’s end. However, we wouldn’t recommend traders to enter the trade at the moment. It would be best to stay put for some time and wait for a visible upsurge before investing.

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