TRON began the second month with a bang. Within the first 5 days of its start, the currency has breached the 30-days high and set a new at $0.0201. The astounding growth in the price has surprised as well as impressed the traders. The speculations about the future have strengthened. At present, the TRX coin is exhibiting a bullish trend and the same might remain with the currency for a while.
TRON Price Analysis
TRX coin began yesterday at $0.01922, and within the first hour, the price was at $0.01941. The following hours created pullback pressure and brought the TRON price to $0.01881. The currency stayed at the same level for a while. Later, the price marked moderate fall of 3.11% and reached at $0.01837 from $0.01894. Immediately, after the same, the coin marked slight recovery and the price counter went up to $0.0187 and then again, it dropped to $0.01840. In the next 1 hour and 48 minutes, the TRX coin was at $0.0194. TRON price locked itself at the same level and closed the day. There wasn’t much difference between the opening and closing prices.
Today, the TRX coin began the day with an upsurge from the opening hour. The price escalated from $0.01924 to $0.01943 by a marginal hike. Later, there was a slight fall marked in the price, but the same picked up again. This time the escalation violated the 30-days high and touched $0.02019. Recently, the price dropped to $0.01977 by 2.08%.
The MACD indicator shows that the MACD line cuts the Signal line and hence, the possibility of further upsurge is still tight. The TRX coin may breach the next resistance level at $0.0200. As per the current momentum, the traders can expect a prosperous day ahead.