Price Analysis

Tron Price Analysis: TRX Reflects Good Indication for a Heavy Recovery in Price

Tron started moving up since yesterday. The traders have a high expectation with the TRX coin. Well, it seems like Tron is not going to let their expectation down. The currency has always shown incredible potential. The brain behind Tron also understands the demand of the coin. Hence try something new to fulfill them.

Tron coin is at the 11th position on the crypto chart, but the intraday chart is indicating that Tron might surpass Stellar XLM on the chart and gain back the 10th position again. Yesterday, the coin touched a high at $0.023702 and a low at $0.020435. The coin is likely to break all the counters today.

Let’s have a look at the price chart.

Current Statistics of Tron (TRX):

ParticularsTron (TRX)
Price0.023523 USD
Rank11
ROI1046.77%
Circulating supply66,682,072,191 TRX
24hr volume582,192,933 USD
Market cap1,568,561,154 USD

TRX to USD Price Chart:

The price analysis of Tron coin is done with the help of TradingView chart of 18th July 2019 at 05:16:43 UTC.

Tron price chart - july 18

The Tron chart is indicating a clear upsurge in the TRX price. Yesterday, the coin opened at $0.021291. There was an escalation of 2.94%, which took the price up from $0.021291 to $0.021917. Later, the coin dropped to $0.020575 from $0.021917 by 6.18%. The coin took a major jump of 14.49%. The coin switched from $0.020575 to $0.023557. The leap was of 14.49%. The coin closed at $0.022389. The intraday escalation was of 5.16%. Today, the coin opened with an upsurge. The coin jumped from $0.022389 to $0.023480 by 4.87%.

Tron Price Prediction and Conclusion:

Tron is planning to enter in many ventures and attract the big names to the crypto market. They want to publicize the altcoin market in order to grow the market cap. The plans are quite promising. The traders are eyeing for a higher level. We also believe that the same will take place soon.

By the end of 2019, Tron (TRX) might trade around $0.07 to $0.075. The traders interested in Tron should enter the market with a long-term plan in hand.

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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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