- Tron price exhibits downtrend by 20% in the month-long chart
- The traders need to wait a little longer for a substantial return
Tron price is falling down the grid from the past few days. However, the coin started the month with an astounding momentum. The traders who were waiting for the uptrend were quite happy by the development. Well, the coin couldn’t hold itself at a higher level for a long time and fell. The current price trend is speculated to last long. There could be a recovery in the coin, but the same might take some time.
Tron Price Analysis:
A month ago, TRX’s price was at $0.0179. The currency dropped to $0.0161 by 9.77%. The price escalated in the later days and jumped to $0.022 by 35.88%. Tron couldn’t hold itself at the level and fell to $0.0196 by 10.46%. The price escalated to $0.022 but fell to $0.019. November began with a moderate level, which got escalated in the later days. The TRX price moved to $0.020 from $0.018 by 6.76%. Later, the coin slipped to $0.0139 by 30.74%. The currency is spotted moving up to $0.015 and slipped down to $0.0133.
The current market scenario isn’t great. Hence, the intraday traders shall suffer loss. Tron price seems to be moving towards the next support level. It won’t be a surprise if TRX coin breaches the major support level due to heavy pressure.
|Resistance Level||Price||Support Level||Price|
Tron is speculated to give great results to the short-term traders. However, the current market condition isn’t considered the best time for investment; hence the traders are suggested to stay put.