TRON’s investors must have gone through roller-coaster rides over the last week. Despite the immense volatility, it could find a lifting of value by 6.96% in this period. TRX coin currently trades at $0.01411. The currency may continue the bullish trend for some more days.
TRON Price Analysis:
TRX coin’s price on January 02 was $0.013194, and over the next day, it slipped by 3.99% and touched $0.012668. It was followed by a 16.61% hike and pushed the TRON price to $0.014772 by January 07. From there, the coin price has been shrinking by a significant margin. By 20:10 UTC of January 08, TRON price has been dropped to $0.013789 by 6.66% fall.
If we look at the above chart, the placement of the current value above both the averages hints at a continuation of the moderate uptrend in the near-term. Over the next few days, the currency may find the next resistance around $0.01449.
TRON’s market cap over the last seven days has been beefed up. It was at 858.205 million USD, and the current value rests at 937.228 million USD. Investors are advised to trade with caution as it may still show a few volatile ups and downs as per TRX predictions.
| TRON (TRX) | Resistance and Support Levels |
| 1st Resistance | $0.01449 |
| 2nd Resistance | $0.01492 |
| 3rd Resistance | $0.01523 |
| 1st Support | $0.01376 |
| 2nd Support | $0.01345 |
| 3rd Support | $0.01302 |