TRON Moved through a Zig-Zag Pattern; Lost an Overall of 10%

Unlike many of its peers, TRON (TRX) failed to sustain a bullish run over the last 30 days. It has been slackened by more than 10% in this period despite the recent recovery. Its value has fallen from $0.014873 to $0.013345 in this period.

TRON Price Analysis

The price trend of TRX/USD since the starting of this year has not been very volatile. Until mid-February, it continued gaining. However, for the last one and a half months, the price pattern is dwindling. By the first week of March, the price of TRON coin fell to $0.009 from $0.025.

On March 10, TRX coin was trading at $0.014873, and over the next three days, it fell tremendously by 49.41% and fell to the lowest point of the month at $0.007524. It was followed by a massive hike of 68.80% that added $0.0051 in the value and pushed the TRON price to $0.012701. The last swing occurred between March 23 and April 07. Over these 15 days, TRX coin got another boost of 36.05% and touched $0.013908.

TRON’s current price at $0.013345 lacks momentum and support from its 20 days MA ($0.01344) and 50 days MA ($0.013528). Its RSI is now around 41.40 points, and it is tilted towards the oversold region. The next support for TRX coin may fall at $0.012.