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Price Analysis

Trade99’s TRX Price Analysis: Tron Drowns by 6% in 24-hour Run

TRON has been performing miraculously from the past couple of days. The coin started the year at $0.013 and yesterday, it was spotted dealing around $0.018. The tremendous improvement in the coin is alluring for the traders. The result of the same is also evident.

TRX/USD Price Chart:

Tron News

Yesterday, TRON started dealing at $0.0166. The price escalated to $0.0174 by 5.01%. The coin slipped to $0.0160 by 8.22%. The coin escalated to $0.0180 by 12.55%. The price slipped to $0.0176 by 2.30%. The currency dropped to $0.0168 from $0.0178 by 5.58%. Further, TRON jumped to $0.0176 by 5.60%. The coin slipped to $0.0172 by 2.54%. The intraday movement in the coin reflected a 4.30% progression in the price. Today, TRON began with a heavy drop. The counters changed from $0.0173 to $0.0160 by 7.35%. The currency escalated to $0.0167 by 4.23%.

TRX price was below the immediate support level during the opening hour. The improvement in the coin has brought it above the immediate support level. The possibility of the coin to escalate to the immediate resistance level at $0.0181 has strengthened.

Resistance Level Price
R1 $0.018121
R2 $0.018957
R3 $0.019856
Support Level Price
S1 $0.016386
S2 $0.015487
S3 $0.014651

TRON is recommended for the short term traders. The long term might bear risk; hence, we aren’t suggesting the same to the traders.

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