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Tron (TRX) Shows an Uptrend by Adding 5.61% Value Overnight

Tron price has been up by 5.61% in 24 hours, and it has shown three major price shifts in this time span between 0.0120 and 0.0136 USD.

Tron Price Analysis

Trading of TRX coin was getting done at 0.0124 USD at the opening of the day. Its first major variation took place at around 02:56 & 13:21 UTC, and over these 10 hours and 55 minutes, Tron coin lost 5.69% value and reached 0.0120 USD. A 13.31% hike followed that added 0.0016 USD and pushed the TRX price to the highest of the day at 0.0136 USD. The last swing happened between 20:32 & 01:34 UTC today, and over these 5 hours, Tron lost 4.81% and touched 0.0129 USD.

Tron’s 20-day MA stands at 0.01314455 USD, and its 50-day MA is now at 0.01312592 USD. The current value of Tron is 0.01315364 USD that is 0.21% and 0.069% more than the 50-day MA and 20-day MA respectively. Looking at the averages above the current price point, we can make a TRX Forecast that the next few days will likely bring price hikes for Tron.

Matthew Diaz: Matthew Diaz is a full stack developer working in NameCoinNews on blockchain and cryptocurrency related websites. He has a comprehensive knowledge of exploring different technical tools to analyse market trends of cryptocurrencies. He has over a decade experience of technical analysis and assisting companies to achieve desired solutions. He is avid cyclist and music enthusiasts.