Tron Price Analysis: Tron Reaches $0.034; A Bullish Ride is Likely in Near Future
- Tron (TRX) reaches 0.034 USD after dwindling for the past few days.
- Tron’s next resistance is likely to be at 0.035 USD.
Tron (TRX) has finally touched 0.034 USD mark after dwindling for the last few days between 0.032 USD and 0.033 USD. The last 24 hours have been very volatile for Tron. At around 01:45 UTC yesterday, the coin experienced a fall of 2.89% over 1 hour and 38 minutes. But the coin soon gained strength to get inflated by 2.64% in the next 2 hours and 43 minutes. At 07:13 UTC the coin started showing another increment which made the coin to gain 2.79% in 3 hours and 23 minutes. The latest hike happened between 21:21 UTC and 01:23 UTC of today. This hike is of 3.70%, which occurred between 4 hours and 2 minutes. Though the coin has shown huge price variations in the last 24 hours, the medium-term outlook is bullish for Tron. By the end of this year, the value is likely to get as high as 0.06 USD. Let us look at the current details of the coin.
Tron Price Statistics-
| Tron (TRX) | 22nd June 02:25 UTC |
| Rank | 12th |
| ROI (Return on Investment) | 1,563.47% |
| Coin Circulation | 66,682,072,191 TRX |
| Market Cap | 2,255,796,832 USD |
| Value in USD | 0.03420160 USD |
| Value in BTC | 0.00000318 BTC |
| 24h Volume | 601,423,438 USD |
TRX to USD Price Comparison-
Tron faced its first plunge at the onset of 2019, on 27th January when it fell by 22.65% over 43 days. However, the coin was able to revive soon and gain 34.69% over 13 days at the onset of April. But the April growth was never sustainable. It soon fell by 24.10% in the next 17 days. The latest growth can be noticed between 22nd May and 02nd June when the coin gained 43.84%. The market cap on 22nd May was 1,929,758,305 USD, and the value of each coin was 0.02656592 USD. The current market cap and the value of each coin are respectively 16.89% and 28.74% more than the values of the last month.
Tron Price Prediction-
As per our TRON Prediction, it is likely to have a bullish ride by the end of this year. The value of each coin may rise to as high as 0.06 USD. The resistance points are 0.033965333 USD, 0.034585667 USD, and 0.035216333 USD. The support levels are 0.032714333 USD, 0.032083667 USD, and 0.031463333 USD.
Conclusion-
Looking at the resistance points, it is likely that Tron will show many price variations shortly. Intraday traders need to bank upon this opportunity to make handsome profits.
