Tron Reels Under Bearish Pressure; Loses 6.35% Overnight

• Tron loses 6.35% in the last 24 hours to touch 0.015 USD.
• The next resistance is expected to be at 0.0178 USD.

Tron seems to have reversed the earlier trend and over the last 24 hours, it is down by 6.35%. The current value is now at 0.015 USD and the three price swings have been in the range between 0.0168 USD and 0.01545 USD.

Tron Price Analysis:

Tron’s first price swing started at 00:03 UTC and over the next 9 hours and 58 minutes, it fell to 0.01622041 USD after a 3.67% cut. The next variation happened between 10:33 UTC and 17:31 UTC which pushed the value to 0.01545 USD. This swing was followed by a small yet decisive event of strengthening that helped Tron to close the day at a higher value. Between 17:31 UTC and 01:14 UTC today, Tron gained 2.60% and added 0.0004 USD to touch 0.01585 USD.

Over the last seven days, Tron’s price movement pattern was more or less stable with few exceptions. In these 7 days, the value has been in the range of 0.015 USD and 0.016 USD.

Tron’s 50-day average is currently at 0.015498 USD and the current trading price at 0.01573805 USD, which is 1.54% above the 50-day average. Similarly, Tron’s 20-day average is forwarding at 0.01524 USD and the current value is 3.20% more than this figure. Also, as per TRX Price Prediction, Tron’s next resistance may come at 0.0178 USD.