TRON (TRX) Regains $0.0127 Mark; Resistance May Occur at $0.0129
TRON cryptocurrency has witnessed a marginal addition in its value. Though the 0.03% increment is minuscule, it marks as a step towards stability after the last few days of sluggishness. Investors may expect a slight upsurge in the coming days as well.
TRON Price Analysis
Yesterday, the TRX coin price started trading at $0.012711 with a strong bearish influence, and over the next 31 minutes, it lost 6.32% value. After this steep fall, the price spotted below $0.0119, but from this low, the currency reflected strong recovery and registered a 5.76% price recovery that pushed the TRON price to $0.012597. At this price level, the currency faced rejection, but it managed to stay above $0.012 despite the sharp decline.
However, after this correction, TRX coin managed to fetch upside momentum as it recorded a 4.33% hike over the next 12 hours, and between 12:26 & 00:28 UTC, the coin spotted at $0.012709.
TRON coin currently trading with having strong support from its 20 & 50-day MAs. Its MACD line is trending much below the signal line. However, as per the overall trend, we can expect a slight improvement in the value of TRX coin. The currency might consolidate around the current price level. Investors may find the medium-term outlook of TRON bullish.