Tron Price Analysis: Intraday Drop In Tron, Opening Recovery Had No Legs

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Tron was indicating heavy recovery on the price chart. Failing on everyone’s expectations, the coin observed a heavy drop in the price. The crypto market is dealing with the bears. The bite given by the bears on the price chart of almost all the crypto coins will not recover in one day. Though we have seen the enormous movement of price in Tron in the past, the current momentum is not promising any recovery.

TRX Current Statistics:

The price of Tron chart is taken from Trading View on 1st July 2019, at 11:07:54 UTC.

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Tron price chart - july 1

  • The price of Tron (TRX to USD) is 0.032380 USD.
  • The Market Capitalization of Tron is 2,159,147,795 USD.
  • The 24hr volume of TRX stands at 916,889,763 USD.
  • The circulating supply of Tron is 66,682,072,191 TRX.
  • The Return on Investment is at 1478.54%.

Looking at the 1-Day chart of TRX, the coin was dealing at $0.033 at 04:00 UTC. However, the current Tron price is $0.032. From 04:00 to 05:00 UTC, the coin was trying to hold itself at $0.033. A hike took place in the price at 05:27 UTC. The coin changed the price from $0.032 to $0.033 and registered a rise of 1.52%. The coin fell from $0.0332 to $0.0322. The regression marked was by 3%. The token again struggled to climb on the chart and jumped till $0.0329 from $0.0322. The hike booked by TRX was of 2.45%. At 11:00 UTC the price is again at $0.0324. The coin fell from $0.0324 to the current level and booked a loss of 1.76%.

Tron Price Prediction and Conclusion:

TRX is anticipated to touch $0.035 by the end of the week. We are expecting price recovery in the chart in the coming days. The intraday traders might not have a very good day today. Although the coin opened with an upsurge, the closing will not be the same.

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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