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Price Analysis

Tron Price Analysis: Will the TRX Price Show Continual Upward Swing?

Most of the coins had been under huge pressure from the bears since last month, but now the situation is slightly better for Tron. With the bears being still around, the TRX coin may take some more time to stabilize.

Current Statistics of Tron

As on August 22, 2019, at 4:21:57 UTC, current statistics are as follows:

  • Tron price is trading at $0.016840
  • The Market Cap is around $1,121,349,564
  • 24-hour volume is at $466,676,787
  • ROI is at 719.81%
  • Circulating Supply is at 66,682,072,191 TRX

TRX to USD Price Comparison

Tron price chart - Aug 22
Tron Chart By TradingView

Tron price has been on a roller coaster ride, as seen in the 1-day Tron price chart. Yesterday, it was at a high of $0.01757663 at the start of the day. From here, the price fell to $0.016768. It again went down to 0.016308. However, in a matter of 12 hours, TRX price showed an upward trend at $0.017061, the upward trend being to the extent of 4.62%. Now the price is at $0.016840 which is lower by 1.75%. TRX price trend shows that the price has been trying to consolidate its position and has been moving in a slightly upward range for the past few days.

Tron Price Prediction and Conclusion

TRX coin had a bad time dealing with the bear pressure for the whole of July. August had also not been very favorable for the coin though the past few days seem to give a positive signal. The market appears to be on a slow recovery path. From the past data and analysis, it seems that Tron will overcome this temporary volatility in the crypto market.

Current investors should hold on to their investments and keep a long-term goal in mind as Tron has great future investment value. Short-term investors should study the trends and invest accordingly to avoid losses.

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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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