Tron has recently improved its momentum and came out of the market pressure. The drop started in the third quarter and continued till last month. However, in the period of 30-days, the TRX price escalated from $0.015 and is currently dealing at $0.018. During the same period, the currency touched a high of $0.022818 and a low at $0.013914. The said improvement in the price could lead Tron to future upsurge.

Tron Price Analysis

Tron Price Chart

The coin started dealing at $0.015163 on October 17, 2019. The price kept hovering around the same level for some days. Later, the Tron price started escalating. The price jumped from $0.014349 to $0.018215 by 26.94%. Later, the coin price dropped to $0.016180 by 11.17%. Further, the TRX price escalated to $0.02228 by 39.30%. The last few days of the month brought the coin to $0.020. The ongoing month started around $0.020 and kept is tight for some days. The coin progressed and touched $0.02012 from $0.01894 by 6.01%. The price dropped to $0.01856 by 7.78%.

As per the current trend, the intraday traders of TRX coin are likely to close with disappointment. The price is seen moving towards the next support level from the immediate support level. Tron price is speculated to improve in the future. The interested traders are suggested to pick short-term investments.

Resistance Level Price
R1 $0.019237
R2 $0.01958
R3 $0.019965
Support Level Price
S1 $0.018509
S2 $0.018124
S3 $0.017781

Published by Cheryl Busch

Cheryl Busch is a finance graduate and excels in cryptocurrencies exchange. She has a keen knowledge of various kinds of cryptocurrencies. She edits the news related to cryptocurrencies for tronnews.news.

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