TRON (TRX) Maintains Stability; May Soon Cross $0.01756

TRON continues steady upside movement after yesterday’s price decline. And hence, investors are partly relieved as the coin now appears to be taking steps towards an uptrend. Over the last 24 hours, it has been down marginally, and at the time of writing, the price was trading around $0.01736.

TRON Price Analysis

Yesterday, TRX coin started the day at $0.017403 and over the initial 1 hour and 35 minutes; it lost 7.55% value and got down to $0.016090. This was the lowest point of TRON crypto for the day. It was followed by a 5.89% hike that pushed the price to $0.017038 by 19:33 UTC. The last variation happened between 19:43 and 02:33 UTC. In these almost 7 hours, TRX price managed to trade up to $0.01745 by 3.65% hike.

Tron NewsTron’s current value at $0.01736 is trading above its 50 days MA ($0.017337). However, it is yet to go near the 20 days MA ($0.01737). Tron’s next resting point seems likely at the resistance point of $0.01756. Investors should expect a moderate level of price rise in the medium-term.

Resistance and Support Levels

R1: $0.01756, R2: $0.01800 and R3: $0.01866

S1: $0.01846, S2: $0.01580 and S3: $0.01536

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Your email address will not be published.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