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Tron (TRX) Might See the Possibility of Swing Trade

The total number of TRX transactions has reached 667 million, which is definitely outstanding. However, whether it might help grab the attention of potential investors is a real deal here.

Yesterday, TRX was initially seen trading at $0.0169 at 00:03 UTC. The price of TRX from then slightly dropped by 3.32% at 06:32 UTC, trading at $0.01639. The value then escalated to the highest touch point of $0.01708 marking an increase of 4.22% at 15:14 UTC.

Today, the value dropped by 8.28% to the lowest point in the said time frame seen at 00:06 UTC, trading at $0.01566. However, the current trading value of TRX is slightly increased by 2.41%.

TRX is currently inclined towards the lower price range. Potential investors can take advantage of this situation to earn returns soon as per the TRX coin price prediction. Speaking of the short-term prognosis, it might offer some returns, having hit the trade decision at the highest and lowest point in the above chart.

The resistance and support levels are calculated as follows:

Resistance Levels:

R1: $0.016768, R2: $0.017456, R3: $0.017799

Support Levels:

S1: $0.015394, S2: $0.015394, S3: $0.014706

Sara Gillard: Sara Gillard is media focused research analyst and strategist with a background in blockchain technology and cryptocurrencies. She contributes latest news and insights into digital economy at a global level. She holds investments in BTC and several altcoins. She is optimistic about potential of cryptocurrencies. In her free time, she enjoys running and aerobics.