Price Analysis

Tron Price Analysis: Tron (TRX) Price Surge Is A Tale Of Turning Bears Into Bulls

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Tron price has stated a phenomenal story of bears converting into bulls from yesterday till today. The current price surge in Tron is reflecting recovery but soon will turn into an uptrend in the crypto market.

TRX has successfully maintained that price level at $0.033 since yesterday. Though the coin fell in between but has gradually pulled itself up. The rest of the coin market is sliding down, but Tron (TRX) is among the few coins that have managed to hold itself.

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The power coin, Tron is expected to rise in the upcoming days. Let’s check out the price chart of Tron.

Current Statistics of Tron (TRX):

The price chart of Tron (TRX) is taken from Trading View on 29th June 2019, at 08:03:53 UTC for price analysis.

Tron Price Chart - 29 June
Tron Price Chart

Summary of the Statistics:

  • The current trading price of Tron (TRX) is $0.033000.
  • The coin is at the 11th position in the crypto market.
  • The 24hr volume of Tron is noted as $929,828,309.
  • The circulating supply of Tron is at 66,682,072,191 TRX.
  • The market cap is around $2,215,598,955.
  • The ROI (return on investment) of TRX is 1519.82%.

The coin opened with an upsurge yesterday. Tron jumped from $0.0320 to $0.0329 and gave an impression of 2.8% growth. The marked pressure pushed the coin down, and Tron slipped to $0.031 from $0.032, marking a regression of around 3.12%. The coin again crawled up and this time created a double top at $0.033.

Today, the market opened with a dip. The coin dropped to $0.032 from $0.033 and marked regression of 4.34%. The coin immediately jumped and touched $0.033, with a registered profit of 4.4%.

Tron Price prediction and conclusion:

In yesterday’s trading duration, the coin created a double top price. The image is usually an indication towards the price upsurge, but as per the current scenario where the market is crashing, the coin has somehow maintained the momentum at $0.033.

By the end of 2019, Tron might touch $0.050. In the coming years in Tron (TRX) will be more flourishing than expected.

However, we believe that long-term investment in Tron would be more profitable than the short-term as we are expecting a hefty increase till then.

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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