Price Analysis

Tron Records a Dip of Over 6% in the Last One Month

eToro
  • Tron’s founder Justin Sun keeps focusing on increasing popularity of the platform
  • Tron may benefit from the firm’s focus on increasing awareness

Tron has not been performing as expected, for the coin is not able to register any significant growth in the recent past. The 30-days high value of TRX was noted at $0.018, and it was $0.035 in the last 90-days. The coin may get a sudden pull in the upward direction and may move past $0.020 in the next few weeks, given Tron founder’s increasing focus on awareness campaigns for the firm.

Tron Price Analysis:

As on October 4, 2019, at 09:10:44 UTC, the value of TRX was noted to be $0.014, and it has recorded a downtrend of over 6% in the last one month slumping from $0.015 to its current value. The coin first started moving upwards and surged up to $0.018 before it commenced the sudden downward journey dipping up to $0.012 recently. TRX has recovered since then but may take another few weeks to rise to $0.018 again.

Tron Price
Tron Chart By TradingView

Tron can be expected to move between $0.015 and $0.035 for the remaining months of the year but may rise to $0.040 at least once before the year-end if there is a growth momentum instigated. The coin is under the pressure to cross $0.020 setting a new 30-days high value and bringing some relief to the traders.

This is a good time to plan bulk investments in TRX coin. The future looks very bright for this token as well as its holders, and it may start showing in the performance of the coin very soon.

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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