Price Analysis

Tron Price Reflects Slight Uptrend in Weekly Analysis Despite Intraday Fall

Tron (TRX) price indicates a moderate upward movement in the week-long period. The last month ended with Tron hovering around $0.013. In the last seven days, TRX jumped to $0.015, and today it is dealing at $0.014. In the last quarter, Tron suffered a lot. The currency was somewhere around $0.027 at the beginning of the third quarter. If we compare it with today’s price, the coin notes a regression of almost 50%.

The last quarter has begun, and the improvement is already in the chart. The fall in the price is indicated in the intraday chart, but we are hopeful that the situation would improve. Let’s have a look at the price chart.

TRX to USD Price Comparison:

Tron Price
Tron Chart By TradingView

The chart is taken from Trading View on October 07, 2019 at 04:48:48 UTC. Yesterday, Tron began the day at $0.0151. The price escalated to $0.0154 by 1.72%. The price started to fall, and it slipped to $0.014 by 5.31%. There was a slight recovery in the price, which took it to $0.0149 by 1.64%. The price fell once again and touched $0.0145 by 3.15%. The intraday loss was marked as by 4.99% as it closed at $0.0144. Today, TRX started with an escalation. The price moved up to $0.0149 from $0.0144 by 3.65%.

Tron Price Prediction:

TRX price was expected to give amazing results in 2019. The things went south when Warren Buffet postponed the lunch. It was rumored that the over-promotion backfired for Tron. The coin started slipping, and it took almost a quarter to mark improvement. The last week wasn’t extraordinary but still gives hope to the traders.

Today, the market cap stands at $995,889,855. The 24hr volume is at $668,331,495. The circulating supply is at 66,682,072,191 TRX. The ROI stands at 628%.

We are speculating that Tron (TRX) would close the year on a bullish note. The subsequent years might take Tron above its 3-month high price mark. We would recommend TRX for the short term investment. The same would give the traders their desired result.

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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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