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Price Analysis

Tron Price Analysis: Is Tron (TRX) Indicating Towards The Price Rally?

  • Tron (TRX) price indicates an upsurge in the intraday chart.
  • Traders to have a power-packed day.

Tron (TRX) price chart has taken an unexpected turn. The week reflected a volatile movement in the price of the coin. The coin is seen slowly taking the high road on the chart. We are quite positive that the coming days would bring the good days back. The intraday chart of the coin spikes a lot of hope among the traders. Let’s have a look at the chart.

Current Statistics of Tron:

  • The price of the coin is $0.0183.
  • The market cap is marked as $1,215,740,971 USD.
  • $535,045,590 USD is the 24hr volume.
  • The return on investment is noted as 788.82%.
  • 66,682,072,191 TRX is the circulating supply.
  • The coin is at the 13th rank in the market.

TRX to USD Price Comparison:

The chart is taken from Trading View on 23rd August 2019, 05:13:06 UTC for price analysis.

TRX Price Prediction
TRX Price Chart by TradingView

On 21st August, the coin opened at $0.0175. The currency slipped to $0.016 by 6.93%. The coin started walking up since then. However, the day closed at $0.0169. Yesterday the coin marked a steep escalation. The highest point in yesterday’s chart was at $0.018. Despite escalation, 2-day chart closed at a loss of -0.069% at $0.0173. Today, the coin opened with a hike of 5.27%. The coin jumped from $0.0173 to $0.0183. The coin is currently dealing at $0.018.

Tron Price Prediction and Conclusion:

Tron (TRX) was among the top ten cryptocurrencies in the first two quarters. The coin slipped to 12th and eventually 14th rank (as per the Coinmarketcap). Well, today, the coin was spotted dealing at 13th rank.  The escalation in the rank has been noted after a long time. We hope it could help the coin gain back the position in the market.

The coin is likely to close the year at USD 0.060. The coin could escalate by 4% to 5% in the coming years. As per the current scenario, the coin is recommended for short term traders.

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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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