Tron (TRX) Initiates a Price Recovery; Resistance May Come at $0.0136

Tron has been able to show a moderate recovery over the last 24 hours. It has witnessed three major price swings in this period and made an overall gain of a marginal 0.56%. The range of the swings lies between $0.0130 and $0.0138. TRX coin is currently being traded at $0.01331587.

Tron Price Analysis

Tron coin was trading at $0.01324118 when it opened the day, and over the next few minutes, it started downside movement. The first major price swing happened between 00:29 and 15:56 UTC. Over these 15 hours, the currency made a gain of 2.72% that pushed the TRX price to $0.01343400. The next variation started at 16:15 UTC and by 19:28 UTC, it helped Tron to add 4.40%. The value got scaled to the highest of the day at $0.01382826. However, this high figure could not be sustained for long. Between 19:28 and 01:01 UTC, Tron cryptocurrency faced a price drop that made it lose 4.38% and confined the value to $0.01322439.

Tron Price News
TRX/USD Chart By TradingView

TRX’s 20 days MA is at $0.01329874, and it’s 50 days MA rests at $0.0133168. Currently, the Tron coin is trading at $0.01331587, which is 0.0069% less and 0.12% more than the 50 days and 20 days MAs, respectively. As per the TRX coin price prediction, the currency is likely to have the next few days in gaining made. The next resistance may come at $0.01365667.

TRON (TRX) Resistance and Support Levels
1st Resistance $0.013655
2nd Resistance $0.013899
3rd Resistance $0.014097
1st Support $0.013213
2nd Support $0.013015
3rd Support $0.012771

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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