CryptocurrencyPrice Analysis

Tron Price Analysis: TRX value may Jump from $0.018 to $0.022

The coin showed a slight recovery with a correction of 2.95% in 24 hours after a strong bearish trend. According to 4-hours chart, the price rally covered the value about 11.43% in past two days.

Tron News and Events

The exchange Finance X is presenting its platform for trading to the investors and traders of Tron, as TRX is now available at Finance X:

TRX is available on @FinanceX_Fiat, #TRONICS can trade TRX/VND, TRX/IDR, TRX/USDT now.

Justin sunn says that the first blockchain browser of the Tron community intends to support the Dapp-chain project of Sun-network. As he says:

TRONSCAN will support #SUNNetwork(#DappChain)! Our development team has been working hard to develop a block explorer for SUNNetwork(DappChain), which will be integrated into TRONSCAN.

Tron Statistical Data

The market capitalization of Tron is standing at the number of $1,205,908,548 USD. As for as the twenty-four-hour volume of the coin is concerned, it is surrounding the figure of $519,918,839 USD. In terms of supply of the coins, the 66,682,072,191 TRX coins are in circulating phase out of the total amount of the supply that is 99,281,283,754.

Price value of Tron

The present value of Tron is $0.018084 USD and 0.00000178 BTC at the current moment with ROI of 781.64%.

Comparison of Tron Price

The trend line behavior of Tron price has been in the downward direction in the crypto market for the last one month. The value of TRX was $0.024 on 25th July 2019 and it came down low at $0.017 on August 23, 2019. The worth of token plummet from $0.024 and it pivoted on the figure of $0.02 within the range of two weeks with a percentage of -47.34.

The lowest drop point of the coin during the whole month was $0.015 on August 15, 2019, during the whole month. The trend line of Tron has corrected itself since the last three days as the price rally of TRX has moved from $0.016 to the mark of $0.017. The one-month comparison chart of Tron is given below:

Tron Price Prediction

As we have analyzed that the value of token has plummet within the range of month even though the trend line behavior has been slightly recovered from last three days. There are strong signals that the price value will increase in upcoming days.

Conclusion

The technical analysis of coin is giving us strong notion of upward trend in future. The value will touch the figure of $0.02

 

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Adeline Gibbs

Adeline Gibbs is a writer and a vital contributor to Tokenhell. She always stay up-to-date with latest happenings in crypto world.

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