Price Analysis

Tron (TRX) Reverses Yesterday’s Escalation

  • Tron price reflects a steep fall during intraday trading
  • TRX coin still holds the possibility of improvement in the coming days

Tron price has astounded the traders at the beginning of the year. The trend was intact until the beginning of the third quarter. The price of TRX coin started falling after the period. The currency is speculated to give good results in the future. As per yesterday’s price movement, the coin surged as high as $0.019555 and slipped to as low as $0.018924.

Tron Price Prediction:

Yesterday, the currency started dealing at $0.018966. The TRX price escalated to $0.019438 by 2.34%. Further, the price dropped to $0.019125 by 1.60%. Later, it escalated to $0.019767 by 3.36%. Tron price slipped in the closing hours to $0.019438 by a 1.66% drop. Despite the volatile movement, TRX coin marked an intraday progression of 2.50%. Today, Tron started under heavy market pressure. The price slipped to $0.018763 by 3.47% drop.

TRX to USD Price Chart
TRX Chart By TradingView

Tron price has taken a steep fall in the intraday trading. The traders interested in the coin must have observed that the past was quite flourishing. The intraday movement might not be impressive, but the coming days hold a lot of expectations.

The intraday traders are likely to close the day with a loss as the Tron price has dropped below the immediate support level at $0.0190. There is a possibility that it might fall below the next support level at $0.0186.

Resistance Level Price Support Level Price
R1$0.019663S1$0.019032
R2$0.019925S2$0.018663
R3$0.020294S3$0.018401
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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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