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Price Analysis

Tron Price Analysis: Tron (TRX) Price Surge Continues the Second Day in a Row

Tron price was tremendously falling. The downtrend started from the second week of July and continued till now. The coin started the recovery mode from yesterday. We are positive that the TRX coin will keep up in some time; the upsurge in the coin will help it to regain its momentum. Let’s look at the intraday chart to understand the momentum more precisely.

TRX to USD Price Comparison:

The Tron price chart is taken from TradingView on 11th August 2019 at 11:00:01 UTC.

Tron price chart - Aug 11
Tron Chart By TradingView

Looking at the above chart, yesterday, Tron coin opened with a jump. The escalation was of 3.98%. The price counters switched from $0.01989 to $0.02069. Further, the TRX coin slipped by 4.72%. The price changed from $0.02039 to $0.01943. Towards the end of the day, the Tron booked an upsurge of 4.32%. The escalation took the price up to $0.02065 from $0.01980. The intraday escalation was of 3.04%. Today, the coin opened with an escalation of 1.14%. The price jumped from $0.0205 to $0.0207. The coin took a drop of 3.47%. Tron price fell from $0.0207 to $0.0200.

Current Statistics of Tron:

  • TRX price is trading at 0.020369 USD.
  • ROI is marked as 889.84%.
  • The 24-hour volume of the Tron stands at 473,696,578 USD.
  • The Market Cap is marked as 1,353,914,738 USD.
  • Circulating Supply has 66,682,072,191 TRX.

Tron Price Prediction and Conclusion:

TRX price has embarked an upsurge. The same has given the traders a big reason to return. We are quite apprehensive that the Tron would bring a bigger change soon. The currency has given the expected result in the past. They can expect a similar return in the coming days too.

TRX coin price is anticipated to reach up to $0.06 by the end of 2019. The traders are recommended to dig in for a long-term plan to get higher returns.

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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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