Tron Witnesses a Downward Price Correction, Falls by 2.76% Overnight

• Tron loses 2.76% in the last 24 hours
• The next halt for TRX seems to await at 0.015545 USD

Tron (TRX) fails to show any signs of strength over the last 24 hours and the value against USD has now gone 2.76% lower from the point it started the day at. The three major price variations are in the range between 0.01568 USD and 0.01498 USD.

Tron to USD Price Analysis:

Yesterday, Tron opened the day trading at 0.01551739 USD and the first swing of the coin happened between 03:35 UTC and 11:07 UTC. This swing cost TRX 2.29% and placed it at 0.01532947 USD. The second price variation started at 12:00 UTC and in the next 11 hours and 30 minutes, it lost 3.87% to trade at 0.01498915 USD. It was followed by a hike of 1.25% and it added 0.0001 USD to the value and pushed it to 0.01517844 USD.

The market cap of TRX has witnessed a hike in the last 24 hours and between October 22 and 23, the market cap has risen marginally from 1.014 billion USD to 1.015 billion USD.

TRX to USD’s 50-day average stands at 0.015435 USD and the 20-day average is now at 0.015692 USD. The current price trend at 0.01508832USD is 2.24% and 3.84% less than the 50-day average and 20-day average respectively. According to Our TRON Price Prediction, TRX’s next resistance is likely to come at 0.015545 USD.