Price Analysis

Tron Price Analysis: Tron (TRX) drops by 10% in the 3-month chart; Expectation of Price Rally still alive

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Tron Price was expected to touch an astounding level in the ongoing month. There were few business ventures scheduled for Tron Ecosystem, which hyped the expectations of the traders. Well, the result fell contrary to the expectations. The traders are disappointed in Tron and its momentum. Besides all the poor performances, the TRX coin still holds the prospect of improvement.

TRX to USD Price Analysis:

The chart is taken from TradingView on 30th July 2019, 01:03:54 UTC.

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Tron Price Prediction
Tron price chart by TradingView

Three months ago, the coin opened at $0.0259. The coin was dealing at the same level until an upsurge which took the coin from $0.02357 to $0.032905 by 39.56%. The coin started climbing up. There was another escalation of 32.36%, which took the price to $0.040384 from $0.030510. The coin started falling from the said price. The first drop took the price from $0.040006 to $0.031351. The second drop took the price to $0.021015 from $0.035426. There was a recovery observed, but that was also interrupted by a regression. The price counters changed from $0.030426 to $0.022107.

Current Statistics of TRX Coin:

Particulars Tron
Price 0.021900 USD
Rank 12
ROI 963.99%
Market Cap 1,455,334,516 USD
24-Hour Volume 387,629,111 USD
Circulating Supply 66,682,072,191 TRX

Tron Price Prediction and Conclusion:

The month has almost passed. There are not many expectations left from the coin. All we are looking up to is the upcoming month. The coming days could bring some recovery on the price chart, and Tron could once again win back the trust of the traders. We are anticipating that the coin might be seen hovering around 0.06 USD by the end of the year. The years followed by 2019 could also be flourishing. For now, the investors should go for long term investment plan in Tron. The short-term investment wouldn’t give many results to the traders.

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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