Price Analysis

Tron Price Analysis: TRX Take 9% Jump In Intraday Chart; A Power-Packed Day Ahead

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  • Tron registered a 9% profit in yesterday’s intraday chart.
  • Today, the marketers looking forward to a hefty recovery.

The market opened with an upsurge. Most of the coins in the market are walking upward on the chart. Tron started the trend yesterday by marking a leap of 9%. Surprisingly, the intraday profit booked by the coin is also 9%. The expectation of today’s price is higher.

TRX is dealing at $0.035. The traders are eyeing for a higher level of $0.038. The same isn’t unachievable by the coin. We are quite positive that the coin may surprise us with a better digit today.

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TRX to USD Price Analysis:

The price of Tron chart is taken from TradingView on 08th July 2019, at 02:54:15 UTC.

Tron price chart - july 8

Looking at the TRX price chart, the coin is moving in an upward direction. Today, the coin opened at $0.035. Within the first hour, the coin jumped from $0.0350 to $0.0353063. The upsurge marked was of 0.60%. However, yesterday, the coin opened at $0.032. The same level was maintained until 16:45 UTC. Then, the coin jumped from $0.032 to $0.033. The upsurge marked was of 4.58%. The next surge took the price up from $0.033 to $0.035. The said leap was of 5.34%. The coin held itself at the level till the closing time.

Tron Price Summary:

  • The price of the TRX (Tron to USD) is 0.035219 USD.
  • The 24-hour Volume of Tron is 802,033,723 USD.
  • The circulation supply has 66,682,072,191 TRX.
  • The Return on Investment (ROI) is noted as 1616.96%.
  • The market cap of Tron stands at 2,348,474,917 USD.

Tron Price Prediction:

The ongoing month has high expectations with the coin. The CEO of Tron, Justin Sun, has pointed towards many important meetings to be held in the July month, which would have a direct effect on the coin. Hence, the coin is anticipated to cross $0.040 by the end of July. Towards the year-end, Tron is expected to hover around $0.05.

Conclusion:

The long term prospect with the coin is higher. The traders with a long-term plan can go for the coin and register for profit in the speculated time.

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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