TRON (TRX) Fails to Go Beyond $0.0125; Struggle May Continue for Long

Tron (TRX) News

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.

Tron (TRX) Price News

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.

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