TRON (TRX) Consolidates Around $0.0125 Over the Last 24 Hours

TRON price has been holding its ground against the intense bearish pressure with great gusto, raising the hopes of the investor community about the long-term prospects for the coin. The price movement of the past 24 hours has seen the TRX price fluctuate between $0.0124 – $0.0129. Most of the time, over the said timeframe, the price consolidates around $0.0125.

TRON Price Analysis

The price of TRX coin started at $0.01255 at 01:11 UTC, and then, it started trading upwards and reached 0.0127 at 07:24 UTC. However, from this price point, the coin faced a steep decline, and the price went down to $0.0124by 2.04% fall.

This did not deter the price of TRON coin from moving in the upper range again at 14:13 UTC at $0.01285, showing a rise of 3.32%. However, the bears again pushed the price of TRX to $0.0124 at 20:39 UTC, the fall being at 3.13%. During the closing hours, TRX coin managed to recover, and the price reached $0.0126. Today, the currency started trading on a bearish note with a slight decline, but then, it managed to show recovery and regain its price level at $0.0125 at the time of writing this analysis.

TRON price continues to withstand the continual bearish pressure in the crypto market at regular intervals. Hence, analysts are confident that the coin will be able to carry forward this price momentum in the near-term. Traders should now wait and watch and hold on to their current investments.