The 1st phase of 2019 as set out in the plan. Thank you for your support of #TRON. Next phase of the #TRX buy-back plan will be announced in due time based on development of TRON ecosystem. $TRX https://t.co/DRWq3ei4F5
— Justin Sun (@justinsuntron) September 4, 2019
TRX to USD Price Chart by TradingView:
The below TRX price chart is a data feed from BINANCE as on 4th September at 07:07 UTC.
Tracing the 24-hour movement of the coin we see that TRX coin has been performing with a set upper and lower price limit. An important thing to be noted is that the coin did not breakdown while the market almost crashed. Yesterday, the coin was trading around $0.0160 in the initial hours of the day. After a minor spike of 1.25% Tron climbed a bit to trade around $0.0162. With a moderate volatility observed Tron slid in the later half and is currently trading at $0.0155.
However, the current trading price is well supported by the 5-day SMA ($0.0157) and 5-day EMA ($0.0158).
Technical Indicators:
TRX coin is not yet in the recovery mode when almost the whole market is making marginal gains. The Tron Foundation itself is performing well and the recent completion of the phase 1 of buyback can also be a massive turnaround for the coin.
The current trading price is notably lower by 14.36% and 13.40% from its respective 30-day EMA and 30-day SMA.
The MACD of the coin is below zero with a bullish crossover as the MACD line just crossed the signal line and RSI is around 40, at the time of writing.
