TRON (TRX) Declines by 17% in the Week-long Period

The current market condition is bearish, and the same is due to the tremendous escalation and the following selling spree. It created a pullback pressure that brought the entire market down. Today, Bitcoin’s price was seen to the $9,600 level. TRON coin was affected by the same. The coin has traded downwards, and it is now dealing below $0.020. The improvement in the currency is likely to take place in some time.

TRON Price Analysis

Tron (TRX) Price NewsThe weekly chart of TRON is exhibiting a steep fall in the price. The coin was trading at $0.0238 on February 14, and then, it escalated to $0.0259 but dropped immediately to $0.0247. Towards the closing of the day, the TRX coin price was at $0.0267. On the next day, the currency price dropped to $0.0254. At 11:50 UTC, the currency was trading at $0.02654. The coin experienced a heavy fall and touched $0.0229 by 13.23%. Later, the TRX price improved to $0.0246 by 6.92%. In the next 10 hours, the Tron coin was at $0.0208 and then, it improved again to $0.0225 and closed the day.

On February 17, the price dribbled to $0.0208 then recovered to $0.0215. It fell again to $0.0202. The closing hour reflected an improvement in the currency that extended to the next day. Later, the TRON cryptocurrency price dropped to $0.0208 by 5.46%. Then, the price improved to $0.0230 and remained at the same level. On February 19, the TRX price dropped to $0.0196. The immediate support level to look for is $0.0195. It looks like the same might get violated in the coming hours.

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

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