TRON seems to have been forwarding to a pit in the last few days. The bullish days are almost over, and its value now shows a downfall of 3.04% in the previous week. It is currently being traded around 0.0169 USD.
TRX coin was being traded at 0.017431 USD on the opening of January 16, and over the first hour, the price fell to 0.016107 USD. From there, it started showing strength and reached 0.018131 USD by January 19 after a 12.61% price recovery. The next day saw a downward correction to the extent of 11.32%. It got down to the weekly low at 0.016080 USD by January 20. There was a mild increment between January 20 & 23. In these three days, the TRON price got increased by 8.07% and touched 0.017378 USD.
TRX/USD Price Chart
TRON’s market cap on January 16 was 1.141 billion USD, and over the last seven days, it has been reduced to 1.134 billion USD. Like the price trend, its market cap also has been through many ups and downs.
The current price is going well below its 50 days MA (0.017183 USD) and 20 days MA (0.01707 USD). It hints at the upcoming struggle of TRON crypto. It is likely to seek the weekly critical support of 0.01623 USD by the end of this week.