TRON (TRX) Embarks Marginal Improvement After Hefty Fall

Tron (TRX) News

TRON coin has reflected improvement despite heavy pressure in the market. The price has improved today from $0.0157 to $0.0169 in just 6 hours. TRX coin is currently dealing at a market cap of $1,129,604,323 and its 24-hour volume is at $1,903,389,405. Yesterday, the currency was trading as high as $0.019145 and as low as $0.015977.

TRON Price Prediction

Tron (TRX) Price News

Yesterday, TRON coin was trading at $0.01896. Within the first 30 minutes, the price escalated to $0.0190, but from this high, the currency dropped to $0.0163 by 14.62% in the next hour. The price improved to $0.01729 at 03:00 UTC. After this hike, the TRX coin price hovered around the same level till 06:53 UTC. Later, TRON price dropped to $0.0168 by 3.70% and then, it floated around the same level till 12:00 UTC. The currency picked up to $0.01762 but couldn’t hold itself for long and dropped to $0.0156 by a massive fall of 10.95%.

TRON price escalated to $0.0166 by a moderate hike of 6.04%. By the end of the day, the coin remained locked around the same level. The intraday movement of the TRX coin reflected a 13.45% plunge in the price. Today, the coin started with a marginal drop. The price counters moved from $0.0163 to $0.0157, and then, in the next hour, the price improved to $0.0166 by 5.52% hike. At the time of writing this analysis, the price touched $0.01694.

As per the current price trend, TRX coin is likely to hover around the same level for some time before making any steep movements. Currently, the price is tilted towards the immediate support level at $0.0152, but as per the technicals, it may recover soon and test the key resistance around $0.0184.

ABOUT THE AUTHOR

Beatrice Rockwell

Beatrice Rockwell is freelance writer. He has 6 years of experience as writer. He is very focused on cryptocurrencies and blockchains. He writes blogs on digital rights, bitcoin and many more in his free time.

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