TRON Witnesses a Volatile Week, Pulled Down by 1.48%
Over the last week, TRON coin has been through huge price fluctuations, and it has been down by 1.48% in this period. The currency is currently being traded around $0.012354 without having support from its daily moving averages. Investors may not expect a quick recovery anytime soon.
TRON Price Analysis
The last 30 days of TRX coin have been moderately bullish. Investors have gained well from the gradual uptrend of the coin. However, it seems to be struggling since April 07.
TRON price was trading at $0.01254 on April 06, and over the next 24 hours, it shot up its value by 12.14% and touched the highest point of the week at $0.014063. After that, the TRX coin marked downside correction and marked a 14.55% decline in the value over the next 3 days, which pulled the price down to $0.012015 by April 10.
Between April 10 & 12, TRON cryptocurrency managed to show a moderate recovery, and in these two days, the price was ballooned up by 10.41% and reached $0.001326. Over the last few hours, the coin faced hurdles with continuing at a similar price level, and it has fallen to $0.012301 after registering a 7.27% decline.
TRON’s current value at $0.012354 is trading below its 20 days MA and 50 days MA with a marginal difference. The RSI is near 41.94 points, and hence the coin may not see any considerable hike in the upcoming days. TRX price may further drop to the support point of $0.01206 in the next few hours.