Price Analysis

Tron Price Analysis: Tron Price Reflects Moderate Recovery, TRX Can Remain Bullish All Day Long

Tron is the most volatile currency among the top performers in the crypto market. After touching a high at $0.040 on 2nd June 2019, the coin fell tremendously in the market due to the heavy price drop. Coming out of the price drop is not an easy deal. Tron is also under the same pressure and hence, the currency is not able to impress the traders at present.

The expectation of stability from the coin is high and that would be attained towards the end of 2019. Tron is at the 12th rank on the crypto market.

Current Price Statistics From Tron Chart:

The chart is taken from Trading View on 15th June 2019, at 06:48:00 UTC for price analysis.

Tron Price Chart - 15 June

  • The price of the coin is around USD 0.0325.
  • The 24hr volume of TRX is 763,564,224 USD.
  • The market capitalization of Tron is 2,165,452,367 USD.
  • The circulating supply is marked around 66,682,072,191 TRX.
  • The Return on Investment (ROI) is 1,483.15%.

As per the charts of Tron, the price reflected a steep fall. The price started dripping from the time of opening till 16:53 UTC. During the second half of the day, the price started recovering and today the price is moving ahead with the same momentum. The graph above is reflecting a V shape which is usually a nice indication. Yesterday, Tron opened at USD 0.032636 and closed atUSD 0.032538.

Today, the price opened at $0.0320. If we compare the opening price with the current price which is at $0.0325, exhibits an increase of 1.5%.

Tron Price Prediction and Conclusion:

Tron is likely to touch $0.06 by the end of 2019. Buying fresh coins is advised for a long-term holding. Intra-day traders will also be profited as the market may have some steep rises in the coming days.

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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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