Tron Price Analysis: Tron (TRX) Is back to the red zone and seems like it might drop a little more!

Did you hear? TRON recently acquired 3.5 million accounts in just 417 days! Well, this might be a moment of celebration for TRON community; however, the performance must be improved too! We are hoping that this might happen soon.

Current Statistics of Tron:

The value of TRX is trading at $0.0169 at 03:36 UTC on 18th August 2019, which seems to be dropping a little further this day. The major other factors in the chart are calculated as:

  • Market Ranking: @14
  • Return of Investment: 725.32%
  • Total supply/Circulating Supply: 99,281,283,754 TRX/ 66,682,072,191 TRX
  • Market Cap Value: 1,128,882,971 USD
  • 7 Day high/low: 0.021151 USD / 0.016542 USD

TRX to USD Price Comparison:

TRON Price Chart
TRON Price Chart by TradingView

Yesterday, initially the value was seen trading in the red zone at 05:30 UTC with the trading value of $0.0168. Then the value increased by 2.64% at 13:46 UTC with the value trading at $0.01724. The value dropped after that by 3.18% to the lowest touch down of $0.0167 at 18:03 UTC. After that the value increased by 1.78% yesterday at 22:46 UTC with the trade changed to $0.0169. The value as of now is slightly dropped by 0.6% from then.

Tron Price Prediction and Conclusion:

TRON is fluctuating in the bearish zone, which might be a little concern as of now. The main question is when TRON will slide to the profit zone? As per TRON Predictions, it seems that traders might have to bear some patience to enjoy some returns in the TRON network. Meanwhile, they might want to work upon avoiding any losses if the value is dropped every day. The resistance support level might help them with the same:

R3: 0.017848

R2: 0.017594

R1: 0.017267

Pivot Point: 0.017013

S1: 0.016686

S2: 0.016432

S3: 0.016105

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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