Price Analysis

Upsurge in Tron Price Remains Intact; TRX Floats Around $0.016

Tron (TRX) is on the recovery spree. The market is quite fluctuating at the moment. There are a couple of coins like Ripple, Tron, etc that are booking an extraordinary momentum. The traders were waiting for a similar improvement, especially in Tron. The ongoing recovery seems to stay with Tron for some time.

The first two quarters were quite good for Tron, but the last quarter caused a heavy loss in its price. The traders were spotted suffering in the market. Well, the tables have turned, and it is speculated that the uptrend in Tron would stay for a while. The same would give a kick in the price.

TRX to USD Price Comparison:

Tron Price
Tron Chart By TradingView

The graph reflects heavy movement in the coin. Starting in September, the price slipped from $0.015 to $0.014 by 10.10%. Further, the currency improved and jumped to $0.016 by 15.03%. The price escalated to $0.014 to $0.018 by 27%. The price tried to remain at the same level, but failed and fell to $0.011. The escalation started after the drop. The month closed at $0.014, with recovery of 27.17%. The month registered loss of 4.46%. The ongoing month has booked a profit of 17.66%. The price touched a high at $0.017. There was again a fall in the price, but looks like TRX is trying to jump to $0.017 again.

Tron Price Prediction:

Tron is moving with the bullish impact in the intraday market. The currency has breached the immediate resistance at $0.0164 and moving towards the next at $0.0167. The upsurge in the price is pointing to the infringement of major resistance at $0.017.

Resistance Level Price
R1$0.016449
R2$0.01676
R3$0.017142
Support Level Price
S1$0.015756
S2$0.015374
S3$0.015063

The currency has a high possibility of giving a positive result in the future. The traders can dig-in with a high prospect of profit. We would recommend the traders to dig-in for a short term investment for booking maximum returns.

Tags

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.
Back to top button
Close