Price Analysis

Tron Price Marked 3% Intraday Hike; Binance is Voted as ‘Super Representative’ for TRX

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  • Tron (TRX) is trading around 0.01425 USD.

According to data collected on TRON Scan, Binance exchange has grabbed the first place in the voting for the super representative for TRX network. These representatives are the flagbearers for the integrity of TRON network and approve decentralized proposals. Additionally, Binance has started support for TRX staking from October 01.

Tron Price Analysis

On September 08, Tron was trading around 0.0157 USD and today after 25-days, the coin has gone down by 9.55%. However, in the last 7-days of trading, the crypto moved up by a margin of 3.34% from the level of 0.01379 USD on September 28. Similarly, in yesterday’s trading, the crypto hiked by a fractional margin of 2.84% from the starting value of 0.014069 USD and finally wrapped the day at 0.014467 USD.

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Tron Price
Tron Chart By TradingView

Although Tron is in the red zone, it has shown some significant upward movement in the last couple of days. Moreover, it is having immediate resistance at 0.015 USD and the support level is at 0.01324 USD.

Binance is one of the most popular exchanges in the crypto space. The listing of the TRX staking on the exchange is a big boost for the community. Meanwhile, the short-term trend is bearish as the negative sentiments are dragging the coin down. Nonetheless, the coin will give an ample amount of return in the long and medium terms.

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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