Tron’s last day has been marred by the bearish trend, and it is currently trading at 0.012829 USD. It has sought support points multiple times in the last few days and this trend is likely to continue further.
Tron Price Analysis
TRX coin was being traded at 0.01322 USD at the opening of the day, and its first significant movement happened between 01:00 and 07:24 UTC. In these 6 hours and 24 minutes, the Tron price got shrunk by 2.13% to find itself at 0.012938 USD. It was followed by a hike of 1.84% that took the TRX value to 0.013178 USD by 15:08 UTC. However, the bearish pressure couldn’t keep the price there for long and pushed it to lose a 3.99% value by 02:12 UTC today. The current price of Tron cryptocurrency trades around 0.012829 USD.
The market cap on January 02 was 858.205 million USD, and over the last 24 hours, it has been boomed up to 859.256 million USD. It should be noted that the market cap was on the slope since December 29 and it has constantly been losing big.
Tron’s current price (0.012829 USD) has made a lead over its 50 days MA (0.01281 USD). However, it’s 20 days average (0.012831 USD) is slightly above both the values. We should not expect any unprecedented event in the coming days. Due to weakened fundamentals, it may have to seek shelter at the next support of 0.012701333 USD. However, as per TRON price forecast, the placement of shorter span moving averages and its price may not exhibit any drastic change and may trade upwards soon.. Investors are advised to take advantage of the short-term intraday gains to make a profit.
| Tron (TRX) | Resistance and Support Levels |
| 1st Resistance | $0.013146333 |
| 2nd Resistance | $0.013422667 |
| 3rd Resistance | $0.013591333 |
| 1st Support | $0.012701333 |
| 2nd Support | $0.012532667 |
| 3rd Support | $0.012256333 |