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Tron Gains 5.05% Over the Past 24 Hours; Resistance Awaits at $0.0181

Written byRajpalsinh Parmar
Edited by Niharika Deshpande
March 5, 2020
in Cryptocurrency News
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  • Tron trading value has witnessed a steep price recovery over the last 24 hours
  • The 5.05% increment has pushed the value to 0.018027 USD
  • Investors may find the value at 0.0181 USD as its next resistance point

Tron has become one of the highest gainers in the on-going price recovery across the market. Over the last 24 hours, it has managed to get a hike of 5.05%, and the current value now roams around 0.0180 USD.

TRX Price Struggles for Support

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TRX/USD Chart By TradingView

Tron opened the day trading at $0.0171 and over the first 9 hours; it got boosted by 3.41% and touched $0.0177. It was followed by a 4.52% price reduction that took the value to $0.0169 by 16:47 UTC. Later, it got strengthened. Between 16:47 UTC and 00:49 UTC, TRON could pump its value up by 7.57% and reached the daily high at $0.0182 by 00:49 UTC, today.

TRON’s market cap on 04th March was 1.180 billion USD, and over the last day, it has been improved to 1.196 billion USD.

Tron’s current value is at 0.018027 USD, and it is 0.06% less than the 20 days MA (0.018039 USD), showing lack of short-term support. Its MACD line is trending much below the signal line. However, as per TRON Forecast, we can assume that the gap is likely to be narrowed down in the coming days. TRX coin is awaiting the next halting point around 0.0181 USD.

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Rajpalsinh Parmar

Rajpalsinh Parmar

Rajpalsinh Parmar is a crypto journalist at NameCoinNews with three years of experience covering the fast-moving world of Web3, NFTs, and blockchain technology. He tracks everything from NFT market cycles and metaverse platform developments to altcoin project launches and DeFi innovations. Rajpalsinh has a particular focus on emerging blockchain ecosystems and the convergence of gaming, culture, and decentralized technology. His reporting keeps a close eye on builder activity, tokenomics, and protocol-level changes that shape long-term market narratives.

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