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Price Analysis

Tron Price Reverses Yesterday’s Uptrend; Price Drops to $0.016

  • Tron (TRX) trades around $0.016 at 04:27 UTC.
  • The intraday trading seems to hit a deep bottom.

Tron price is experiencing a pullback. From the last couple of days, the traders were seen taking a deep sigh of relief. Among the top 20 cryptocurrencies, Tron reflected the maximum recovery and was also spotted recovering in terms of market cap. However, the current scenario is absolutely the opposite.

Yesterday, Tron touched a high at $0.017282 and a low at $0.016698 marking a trading volume of $777,844,289. Let’s see where the price leads today.

Tron to USD Price Chart:

The data feed is gathered from Bitfinex on October 10, 2019, at 04:27:39 UTC.

Tron Price Chart
TRX Chart by TradingView

Yesterday, Tron began the day trading at $0.0168 and the price immediately slipped to $0.0166 by 1.22%. There was an escalation in the price which took it up to $0.017 by 2.77%. Later, the price fell to $0.016 by 2.75%. The upsurge brought Tron to $0.0175 by 5.56%. The uptrend couldn’t stay for longer and fell to $0.016 by 4.22%. The final upsurge shifted to $0.017 by 2.61% having an intraday escalation of 0.89% and the price shifted from $0.0168 to $0.0169. Today, the price shifted to $167 from $0.0169 marginally by 1.66%.

Tron price has started recovering when compared to the last month. From the last two days, Tron (TRX) has shown a remarkable movement in the market. We are anticipating that it could be an indication that Tron is on the verge of a price rally. The currency did perform well in the past but the last quarter brought disappointing figures which have made the traders worried. The best-suited investment in Tron is likely to be the short-term one. The long-term plan could be a risky attempt for investors.

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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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