Tron (TRX) price had started the year on a low note but had picked up along the way. Even the past week had seen TRX price mostly in the upward range though the bear pressure got the better of the coin towards the end of the week. The trend for the past seven days shows the price of TRON hovering in the range between $0.0206 – $0.0266.
TRON Price Analysis
TRX price started the week on a positive note though the bear pressure got too strong to handle by the end of the week. TRON cryptocurrency started well on February 13 at $0.02356, and then, it continued to trade with upward momentum. On the next day, TRX coin reached $0.0266 showing an upward variation to the tune of 13.23%. After reaching this high, the price started trading downwards and reached $0.0230 by $13.35% fall on February 15. After that, the currency recovered to the extent of 7.82% on the next day and touched $0.02477.
After the moderate recovery, TRON coin faced steep fall and continued to be under the bearish grip. The price again fell to $0.02065 on the same day showing a downward movement of 16.48%. Then, it recovered slightly and reached a high of $0.0225 by 9.55% hike. With the price being under the baseline, the coin again slid down to $0.0217 on February 18. There has been a marginal fall in TRX price today at $0.02128.
TRX price has been reflecting a slow and steady upward momentum since the beginning of the year though there have been intermittent bear spells. Trade99’s analysts are confident that the coin has the capability to beat the bearish volatility in the crypto market, but as per the current momentum, it may test the next crucial support $0.0196 before making any steep movement. Investors should bank on this capability of the coin to bounce back and hold investments for the long-term.