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Tron (TRX) Exhibits Sluggish Movement on the Day-long Run

Tron price surge was speculated to embark from 2020. However, the opening reflected a sluggish movement, and the same has continued on the second day too. The intraday trading in TRX is likely to bear the loss. The movement is bearish and the same might stay for a while. To have a better understanding of the coin, let’s have a look at the intraday chart.

Yesterday, Tron started the day at $0.01321. The price slipped to $0.01319 by a marginal drop. The TRX price escalated to $0.01332 by 0.99%. The currency dropped in the later hour to $0.01322 by 0.75%. The price again picked up and touched $0.01328 by 0.45% hike. Then, again the price dropped and reached $0.01320 by 0.60%. After that, the Tron price slightly recovered to $0.01330 by 0.76% and immediately dropped to $0.01310 by 1.43% fall. The intraday movement in the TRX coin registered a 0.83% loss in the price. Today, the currency began the day with a fall. The price counters changed from $0.0131 to $0.0129 by 0.84%. The currency jumped to $0.01309 by 0.77%.

A few hours ago, Tron price was at the major support level. The coin has improved, and now it is dealing around its crucial support $0.0130. As per the TRON prediction, the possibility of further improvement is still intact. The movement in the coin doesn’t give a positive indication for the traders.

Resistance Level Price
R1 $0.013361
R2 $0.013472
R3 $0.013361
Support Level Price
S1 $0.013166
S2 $0.013082
S3 $0.012971
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.