Tron has been able to show a moderate recovery over the last 24 hours. It has witnessed three major price swings in this period and made an overall gain of a marginal 0.56%. The range of the swings lies between $0.0130 and $0.0138. TRX coin is currently being traded at $0.01331587.
Tron Price Analysis
Tron coin was trading at $0.01324118 when it opened the day, and over the next few minutes, it started downside movement. The first major price swing happened between 00:29 and 15:56 UTC. Over these 15 hours, the currency made a gain of 2.72% that pushed the TRX price to $0.01343400. The next variation started at 16:15 UTC and by 19:28 UTC, it helped Tron to add 4.40%. The value got scaled to the highest of the day at $0.01382826. However, this high figure could not be sustained for long. Between 19:28 and 01:01 UTC, Tron cryptocurrency faced a price drop that made it lose 4.38% and confined the value to $0.01322439.
TRX’s 20 days MA is at $0.01329874, and it’s 50 days MA rests at $0.0133168. Currently, the Tron coin is trading at $0.01331587, which is 0.0069% less and 0.12% more than the 50 days and 20 days MAs, respectively. The currency is likely to have the next few days in gaining made. The next resistance may come at $0.01365667.
| TRON (TRX) | Resistance and Support Levels |
| 1st Resistance | $0.013655 |
| 2nd Resistance | $0.013899 |
| 3rd Resistance | $0.014097 |
| 1st Support | $0.013213 |
| 2nd Support | $0.013015 |
| 3rd Support | $0.012771 |
