TRON lost 2.19% Value Amidst Month-long Volatile Movement

TRON’s last 30 days have gone through moderate fluctuations. It failed to shield completely from volatility in this period. The current TRX price roams around $0.013871 with anticipation of further degradation.

TRON Price Analysis

TRX coin was being traded at $0.014182 on December 11, and over the next six days, it lost a considerable 13.14% to be pulled down to the lowest point of the month at $0.012318. It was followed by a 23.75% upsurge that added $0.002919 to the value, and TRON price got pushed to $0.01521 by December 23. This was the ace point of TRX coin for the month. However, the coin couldn’t put the price there for long. It slipped by a 16.35% and got pulled down to as low as $0.012721 by January 03. The last few days have been bullish for TRON cryptocurrency. Between January 03 and today, the price has kept growing by 10.36% and placed itself at $0.014039.

TRX NewsTRON’s both the shorter span moving averages; namely, 50 days and 20 days have managed a significant lead over its current price of $0.013871. It may find the next few days full of price fluctuations. We predict TRX coin to take the support at $0.013707 anytime soon. However, by the end of this quarter, the TRON price is likely to bounce back.

TRON (TRX) Resistance and Support Levels
1st Resistance $0.01417
2nd Resistance $0.01428
3rd Resistance $0.01446
1st Support $0.01388
2nd Support $0.01370
3rd Support $0.01359

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button