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Price Analysis

Tron (TRX) Is Trading Back In The Red Zone After A Roller Coaster Ride!

This might sound really exciting for the TRON followers: TRON was seen ranking at number 2 Cryptocurrency mentioned on Twitter yesterday, 6th August 2019 with the total number of 21,653 tweets after BTC. Well, this was supposed to happen, as the founder himself is also boosting about TRON every minute on Twitter.

Current Statistics of Tron:

TRX price is currently seen trading at $0.021802 on 7th August 2019. The other essentials are as follows:

  • Return on Investment: 963.87%
  • Total supply/Circulating Supply: 99,281,283,754 TRX/ 66,682,072,191 TRX
  • 24 Hour Volume: 459,072,529 USD
  • Market Cap Value: 1,455,175,064 USD
  • 7 Day high/low: 0.023499 USD / 0.021478 USD

TRX to USD Price Comparison:

TRON Price Prediction
TRON Price Chart

In the last 5 days, initially, the Tron price was seen trading at $0.022246 on 2nd August at 07:40 UTC. The value dropped by 4.14% on 4th August at 05:00 UTC with the trading value of $0.021325. The value from then escalated by 7.49% on the same day at 10:00 UTC with the trading value of $0.02292. The value dropped by 3.97% on the same day at 21:10 UTC trading at $0.022017. The value was then escalated by 6.29% on 5th August at 15:45 UTC with the trading value changed to $0.02340. The value was dropped by 7.71% on 6th August at 21:25 UC time with the trading value of $0.021602.

Tron Price Prediction and Conclusion:

Currently, TRX coin is trading in the strong bearish zone. New traders might develop an interest in Tron, and this can be an ideal time to buy new coins and join the network. The calculated resistance & support levels will help the traders with minimum trade risk:

Resistance Levels:

  • R3: $0.024186
  • R2: $0.023633
  • R1: $0.022651

Support Levels:

  • S1: $0.021116
  • S2: $0.020563
  • S3: $0.019581

By the end of 2019, TRX coin might be a delight for many traders. The hope is that it might trade to the value of $0.06 by the end of the year with good returns for the traders after all!

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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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