Price Analysis

Tron Price Analysis: Tron (TRX) price recovery starts; Price Rally ahead

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  • Tron (TRX) began the recovery with the intraday price movement.
  • The monthly chart is reflecting the poor performance of the coin, but the coin is aimed at improving in the future.

Tron Ecosystem is planning to enter in big ventures in the upcoming time. The CEO, Justin Sun of the company also announced that Tron would buy back a major part of the share by the end of 2019. Well, all this sounds promising, but the same has caused a sense of awkwardness among the traders and the investors.

Current Statistics of Tron (TRX):

The chart is taken from Trading View on 27th July 2019 at 06:21:03 UTC for price analysis.

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Tron Price Chart - 27 July
Tron Chart by TradingView

The one-month chart is reflecting a hefty downfall in the price. On 28th June the coin was trading at $0.032 and jumped from $0.032 to $0.035 by 8.78%. At the onset of July, the coin was trading at $0.035. It slipped from $0.035 to $0.031 by 9.17%. Later, the coin tried to hold around $0.033 for quite some days. However, the downtrend started on 8th July 2019 where the coin dropped by 42.02% from $0.035 to $0.020 in 9 days. The coin started improving from $0.020 to $0.030 by 47.75%. It is presently trading at $0.023.

Particulars Tron (TRX)
Price $0.023300
Rank 12
ROI 1032.60%
Market Cap $1,549,178,941
Circulating Supply 66,682,072,191 TRX
24hr Volume $468,055,470

Tron Price Prediction and Conclusion:

Tron is currently seen trading in the bearish zone if compared to its previous price heights. Still, we are sure about the company’s future business ventures. With this, we are expecting that the coin might touch $0.060 USD by the end of 2019. The coin is best suited for long-term investors.

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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