Price Analysis

TRON (TRX) Records an Almost 4% Upsurge in the Last Day

TRON’s struggle seems to have ended with a market-wide bullish vibe. Over the last 24 hours, it has been up by 3.97%, and the price has reached $0.014559. The current upward momentum may stay here for a while.

TRON Price Analysis

TRX coin was being traded at $0.014003 at the starting of the day, and over the next 9 hours, it lost 2.76% value to get down to $0.013617, the lowest for the day. At 09:06 UTC, TRON coin started strengthening and managed a 9.03% hike over the next 7 hours. This upsurge pushed the TRX price to $0.014840. From this price point, TRON started showing a bit of weakness. The currency got down by 1.42% to find the value of $0.014630 by 02:06 UTC today.

TRX News
TRX/USD Chart By TradingView

There has been a slight increment in the market cap of TRX coin over the last 24 hours. The current market cap is 977.261 million USD, that is with a good lead over yesterday’s market cap of 974.492 million USD.

TRON’s current value ($0.014559) is lagging behind its both the shorter span moving averages, namely 50 days MA ($0.014717) and 20 days MA ($0.014695) by 1.07% and 0.92%, respectively. As per the current placement of both the averages above coin price indicates that the TRX coin may trade in a similar range for some time. We can expect the next resistance of TRON cryptocurrency at $0.015008.

Resistance and Support Levels

R1- $0.015008, R2- $0.015402, R3- $0.01604

S1- $0.013976, S2- $0.013338, S3- $0.012944

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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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