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Price Analysis

Tron Price Analysis: Will Tron (TRX) Regain Its Momentum?

TRX has been trying to regain its momentum from the past few days. Tron had a bad time like other coins in the ongoing crypto market volatility, but now with some positivity in the market, Tron has managed to recover, and the chart shows the price in the range of $0.0171 – $0.0180.

Current Statistics of Tron:

As on August 21, 2019, at 5:35:21 UTC, current statistics are as below:

  • The current market price of Tron coin is $0.016978
  • The Market Cap is around $1,135,802,508
  • 24-hour volume is at $466,837,594
  • ROI is at 730.38%
  • Circulating supply is at 66,682,072,191TRX

TRX to USD Price Comparison:

Tron Price Prediction
Tron Price Chart by TradingView

Tron price chart shows that the coin is trying to gain back amidst crypto market volatility. From a high of $0.018085 on Aug 20, TRX price fell to $0.017162 in eight hours to the extent of 4.99%. In a matter of an hour, Tron price rallied to $0.01780176 to the extent of 3.63%. However, in the next four hours, TRX coin price again fell to $0.01735. Then on, the price of TRX coin had picked up momentum and rallied to $0.01768 to the extent of 1.88%. Today the Tron price is trading at $0.01697, which is lower by around 4%.

Tron Price Prediction & Conclusion:

 Though the bears had been ruling the crypto market and putting pressure on coins, the past few days have given some respite to investors. Tron has been trying to consolidate its position and should come out of the current bearish trend. Analysts expect the potential of Tron to overcome the bears.

Investors should consider investing for the long-term at the current price. Short-term and day investors can gain if the market shows more upward trend and stability.

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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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