TRON (TRX) has continued its positive upward momentum raising the expectations of its user community in the capability of the coin to post higher returns in the days to come. The YTD price chart for the coin has seen the price of TRX mostly traded in the upper range though the bearish onslaught managed to exert pressure on the price. The currency was seen fluctuating between $0.0065 – $0.0272 during this time period.
TRON Price Analysis
At the beginning of the ongoing year, the price of TRX coin was trading around $0.0130 mark with upside momentum, and in almost the one and half month, TRON price managed to reach a high of $0.0272. However, from this high, the currency faced rejection, and the price faced a fall of 44.26% over the next few days and reached a low of $0.0151 around the last week of March. Then, the TRX price initiates recovery but again faced rejection further, and the price fell to the lowest of the three months at $0.00658 on March 13.
Further, the TRON coin managed to gather momentum and started trading upwards continually and reach a high of $0.01556 yesterday. At the time of penning down this analysis, the price of TRX coin has corrected down to $0.015246. It has already breached its key resistance at $0.0155. And as per the TRON predictions, it may cross the major resistance of $0.01845 in the upcoming weeks. However, if Tron price faced correction, it may find the next support around $0.014.