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TRON (TRX) Initiates Price Recovery After a Sluggish Last Week

Following a devastating week, TRON cryptocurrency seems to have gained the right start for this week. On the last day, the coin price has been beefed up by a whopping 5.17%.

TRX coin was being traded at $0.016036 at the starting of the day, and over the first eight and a half hours, it could add 2.77% and touched $0.016479. The next swing happened between 09:44 & 20:23 UTC. Over these 10 hours and 39 minutes, TRON’s price was increased by 3.80% and got placed at $0.016851.

TRX/USD Price Chart

The last bullish stint happened between 20:30 & 01:15 UTC today. In these 4 hours and 45 minutes, TRON could stretch the price by 2.35% and managed to get to the highest point of the day at $0.017066.

TRX’s current price at $0.016866 is lagging behind its 50 days and 20 days MAs by a marginal change. It indicates the current growth of TRON coin may not be baked by any strong fundamentals. Based on TRX forecast, investors need to be cautious of any unprecedented slowdown in the value.

TRON (TRX) Resistance and Support Levels
1st Resistance $0.01705
2nd Resistance $0.01729
3rd Resistance $0.01777
1st Support $0.01633
2nd Support $0.01586
3rd Support $0.01561
Ronald Cribbs: Ronald Cribbs is a reporter who has studied in Journalism and previously worked as a freelance reporter in well-known publications and financial news websites. He is regularly going for the interview with leading industry players of crypto space. He has been following cryptocurrencies since 2012.