Price Analysis

Tron Price Analysis: Downtrend will Remain Sovereign over the Market

Tron Price Analysis:

Tron (TRX) has claims that they have healing power for internet by proliferating free content and data globally. The project of Tron (TRX) is long-term that began with Edodus in 2017 and will end in 2023 with Eternity. Another intention of Tron team is to decentralize the game industry through Blockchain technology.

 

Tron (TRX) News:

Tron established “BitTorrent” for faster downloading application:

Opera browser proclaimed big news yesterday:

Transactions of TRX has impacted to remarkable position, CEO of Tron tweeted recently:

Tron Price Statistical Data:

The market rank of Tron (TRX) is #10, a top position on Coin Market cap.

The 24 hour volume of token is $750,550,811 USD and 64,255 BTC respectively. The Market Cap of Tron is $1,900,320,527 USD and 162,688 BTC.

The circulating supply is 66,682,072,191 TRX and total supply is 99,281,283,754 TRX.

Price value of Tron (TRX) is $0.028498 USD and 0.00000244 BTC.

Tron Price Comparison:

The price of Tron (TRX) is at its downcast position of whole week. The value of TRX on July 4, 2019 was $0.032 USD which surged to $0.035 USD at the highest position of week. The 9-day MA break the 30-day MA which means that bearish trend is in control.

Tron (TRX) Price Prediction:

The forecast scenario indicating a behavior that bearish trend will remain dominant over the market of Tron (TRX). Its value may shrink from $0.0286 USD to $ 0.0163 USD and expected change will be -43.113%.

  • The respective support levels are $0.03066, $0.0292 and $ 0.0273 USD.
  • The respective resistance levels are $ 0.0340, $0.0360 and 0.0374 USD.

Conclusion:

The trend line is moving in the direction of downward direction representing down-trend of Tron (TRX).

  • Now its your turn feel free to share your prediction about tron price. We will consider your point of view and it will motivate us to present you with price analysis of different coins.
  • If you want from us to give a detailed analysis of any coin, please leave a comment in comment box.

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Hassan Mehmood

Hassan is currently working as a news reporter for Tokenhell. He is a professional content writer with 2 years of experience. He has got a degree in journalism.

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