TRON price has been vying for a stable momentum in the upward range even under continual bearish pressure. The past 3-month price trend for the coin has been a roller coaster ride with the price at starting the period below the baseline, slowly climbing up the price ladder, touching the peak and then sliding down due to the strong bearish hold. TRX coin price was seen fluctuating in the range between $0.011 – $0.0261 over the past 3 months.
TRON Price Analysis
TRX coin has been holding its ground under strong bearish pressure as evident from its recent price movement over the last 7 days. The coin started below the baseline $0.0128 on December 25, 2019 but after that, the currency marked progressive trend and the TRON price reached $0.0179 on January 19, 2020, the rise being at 39.06%. However, after this hike, it faced slight drop and in the next 5 days, the currency registered 12.29% fall and touched $0.0156.
Further, TRX coin continued to fight back and reach a high of $0.02609 on February 14 with a huge hike of 67.38%. However, after 10 days, the coin again marked a heavy price fall due to continual bear pressure and reached a low of $0.0167. On March 06, the TRON price again rose to $0.0182 at a high of 8.77% but yesterday, a massive fall again took the price down to $0.0113. Today, at the time of writing this analysis, the coin was trading at $0.0104 and marked sideways trading.
TRX price is slowly gearing itself for a stable momentum even under strong crypto market volatility. However, as per TRX Price Forecast evaluated by analysts, they expect the coin to show better stability over the coming months. Investors should continue to hold on to their current investments as TRON is expected to reap great returns in the long term.