TRON (TRX) Reflects price marks nominal loss; Price surge to strike soon

TRON price movement has been quite impressive from the past couple of days. Yesterday, the coin touched $0.016499. The below-mentioned chart is reflecting the price movement of TRX/USD over the last three months. The coin started with an astounding upsurge in February, but the same was followed by the heavy plunge in March. However, since mid-March, the currency marked a strong recovery, and the same brought steady growth in the price.

TRON Price Analysis

TRX Price News
TRX/USD Chart By TradingView

TRX coin was spotted dealing at $0.0191 on February 01 with upside momentum. The currency marked a sharp bullish move, and the price escalated to $0.0268 on February 14. At this high, the currency couldn’t hold its position for long and marked a tremendous fall of 41.75% and spotted at $0.0156. After this massive plunge, TRON price managed to show moderate recovery and traded to $0.0183 on March 06.

However, after hitting $0.018 mark, the TRX price again faced a huge fall, and it slipped to $0.00711 on March 12, and the same reshuffled 52-week low. Despite the tremendous volatile movement, TRON initiated a recovery with strong bullish influence, and By March 20, the price escalated to $0.0127, but again, it faced marginal regression, and then it continued to trade with moderate fluctuations.

On April 21, the TRX coin price spotted at $0.012408. After that, the currency managed to trade upwards and escalated to $0.01649. Later, it reflected moderate correction and spotted at $0.01608 at the time of writing this analysis.

Currently, TRON coin holds support from SMA 20 & 50 at $0.0136 & $0.0124, respectively. As per the current momentum, TRX price might continue upside and breach $0.018 in the upcoming days.


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.

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