Price Analysis

Tron Price Analysis: Current Price Drop In Tron (TRX) Has No Legs

Tron is currently not performing as per the whole market trend. The coin is strolling down; the concern is that along with the downfall, the coin is also showing a strong struggle to climb up. The intraday might not be as flourishing as it was in the past few days, but the coin is expected to close in the bullish zone.

The market is currently at $36 billion market cap. The counter was at $33 billion in yesterday’s market. Tron touched a high at $0.040270 and a low at $0.037618 in yesterday’s trading market. The volume counters on 25th June were at $1,026,593,885.

Current Statistics of Tron Coin:

The chart is taken from Trading View on 26th June 2019, at 07:17:47 UTC for price analysis.

Tron Price Chart - 26 June
Tron Price Chart

As per the given chart, the coin is currently trading at $0.038. Tron opened at $0.038 and jumped to $0.039 with a progression of 3.60%. The level became difficult for Tron to hold itself and hence dropped by 3.45% from $0.0380 from $0.0394.

If we look at yesterday’s intraday chart, the coin opened with a drop of 1.67% from $0.0387 to $0.0381. The coin immediately recovered and marked the growth of 5.67%. The coin jumped from $0.0381 to $0.040. For the rest of the day, the coin experienced a steady fall.

Summary of the statistics:

  • The price of Tron is at $0.038855.
  • The coin is at the 10th position in the chart.
  • The 24hr volume of Tron is $1,088,490,537.
  • The market capitalization is at $2,590,952,983.
  • The circulating supply is at 66,682,072,191 TRX.
  • The return on investment (ROI) is at 1,794.24%.

Tron Price Prediction and Conclusion:

Tron is not performing as it was expected to, but it is expected to get back on the track soon. The market is showing significant growth today. Hence, we are expecting Tron to end the day in the green. For the coming months, the coin might help the traders to draw huge dividends.

The traders can go for the long-term as the coin is indicating towards a positive future.

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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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