- Tron’s value against USD has been trimmed by 1.70% and fallen to 0.017336 USD
- It is likely to reach the next resistance point at 0.017522 USD by the end of this week
Tron was being traded at 0.017336 USD at the time of writing the analysis. Over the last 24 hours, it has been down by 1.70% as it falls from 0.017637 USD. It may witness a slight recovery in the short-term.
TRON Price Analysis
Tron started the day trading at 0.017637 USD, and over the initial 8 hours, it got down by 3.27% and touched one of the lowest points of the day at 0.017060 USD. It was followed by a 3.38% price recovery that added 0.0005 USD in the value and pushed it to 0.017637 USD by 12:17 UTC. The next variation came as a rude shock to the investors when it encountered a price regression to the extent of 4.23% and got pulled down to 0.016887 USD by 16:46 UTC. However, it didn’t stay at the low for long and rose to 0.017372 USD by 01:10 UTC today.
TRX RSI stands at 61.38 points, and it is gradually marching towards 70 points. Based on TRON price forecast, investors are still confident that the coin has potential to recover soon. Its current value is also trending above the nine days MA (0.017295 USD) and 20 days MA (0.017304 USD), which shows that it has retained support.