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Tron Gains 5.05% Over the Past 24 Hours; Resistance Awaits at $0.0181

  • Tron trading value has witnessed a steep price recovery over the last 24 hours
  • The 5.05% increment has pushed the value to 0.018027 USD
  • Investors may find the value at 0.0181 USD as its next resistance point

Tron has become one of the highest gainers in the on-going price recovery across the market. Over the last 24 hours, it has managed to get a hike of 5.05%, and the current value now roams around 0.0180 USD.

TRON Price Analysis

TRX/USD Chart By TradingView

Tron opened the day trading at $0.0171 and over the first 9 hours; it got boosted by 3.41% and touched $0.0177. It was followed by a 4.52% price reduction that took the value to $0.0169 by 16:47 UTC. Later, it got strengthened. Between 16:47 UTC and 00:49 UTC, TRON could pump its value up by 7.57% and reached the daily high at $0.0182 by 00:49 UTC, today.

TRON’s market cap on 04th March was 1.180 billion USD, and over the last day, it has been improved to 1.196 billion USD.

Tron’s current value is at 0.018027 USD, and it is 0.06% less than the 20 days MA (0.018039 USD), showing lack of short-term support. Its MACD line is trending much below the signal line. However, as per TRON Forecast, we can assume that the gap is likely to be narrowed down in the coming days. TRX coin is awaiting the next halting point around 0.0181 USD.

Vivaan Shah: Vivaan Shah is a professional Forex and Cryptocurrency Market Analyst with a background in Finance. He has worked in several foremost publications before getting into NameCoinNews. He has been involved in the cryptocurrency for years. He loves to spend his free time in recording podcasts for crypto beginners. He also enjoys to explore cryptocurrency products.