Price Analysis

Tron Price Analysis: Tron Price Dropped by More Than 20% in the Past 4 Days

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Tron has recently partnered with OnTrade1. The listing of TRX coin will be available from 26th July 2019. Well, that might bring a change in the capitalization.

TRX to USD Price Comparison

Tron is currently trading at $0.023109 at 05:25 UTC on 24th July 2019. The other essential factors are calculated as:

  • Return of Investment: 1129.77%
  • Total supply / Circulating Supply: 99,281,283,754 TRX / 66,682,072,191 TRX
  • Market Cap: 1,682,086,806 USD
  • 7 Day high/low: 0.030722 USD / 0.020564 USD
Tron price chart - july 24
Tron Chart By TradingView

In the past 5 days, Tron price was initially seen at the lower point on 19th July at 09:10 UTC at $0.024889 trading value. The value escalated by 22.90% on 20th July at 22:05 UTC with a trading value of $0.030589. TRX price, however, drooped by 11.18% on the next day, 21st July at 17:05 UTC with a trading value of $0.027169.

Tron price on 22nd July saw an escalation again by 9.45% at 02:55 UTC trading at $0.029713. The price dropped again by 25.60% on 23rd July at 15:25 UTC trading at $0.022182, which was the lowest in the past one week. In a few hours, however, the value escalated slightly by 15.78% at 20:05 UTC with $0.025683 trading value. The price from then is dropped by 9.81% as of now.

Tron Price Prediction and Conclusion

Tron is depicting strong bearish nature. This might be a good time for the traders to ‘buy’ more TRON currency and hang in there for a while. It might take a little time for the better returns, but the hopes are high!

The resistance & support levels for a safer bid are calculated as:

Resistance Levels: $0.026815, $0.029267 and $0.031629

Support Levels: $0.022001, $0.019639 and $0.017187

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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