TRON (TRX) Fails to Go Beyond $0.0125; Struggle May Continue for Long
TRON coin has been reeling under immense price fluctuations for the last few days. The intraday market has been through moderate volatility and lost a marginal value on the last day. It currently trades at $0.012589.
TRON Price Analysis
Over the last 30 days, the TRX coin traded with moderate momentum and managed to trade above $0.012 price mark. Over the last few days, the coin trades under slight pressure, but it managed to hold its ground above $0.012.
If we look at the price movement of TRX/USD over the last 24 hours, yesterday, the coin started trading at $0.012632, and over the initial four and a half hours, the price was up by 0.92% and touched $0.012749. Then, the TRON price traded downwards and marked a 2.54% price correction that cost the coin $0.0003 and pulled the value down to $0.01245.
However, it couldn’t remain at that low for long and started growing further. By 14:13 UTC, the TRX coin spotted at the highest point of the day at $0.01289343. After that, the currency corrected downwards and lost 4.67% value and got confined near $0.012290 by 01:07 UTC today.
TRON’s current value at $0.012589 is trending above both its short-term MAs, namely, 20 & 50 days. Its MACD line is trending below the signal line, and it hints at the continuation of sluggish run in the medium-term. Investors may witness a few price ups and downs in the next few days. The next support for TRX coin may come by $0.0122.