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Tron (TRX) Exhibits the Continuation of Downtrend

Written byKelvin Maore
Edited by Niharika Deshpande
December 11, 2019
in Cryptocurrency News
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As the whole market is under pressure and most of the major coins have been falling, Tron has shown a 1.62% decline in the price in one day. It currently trades at 0.0141 USD. Over the last 24 hours, TRX coin has been through three major price swings.

Tron Price Prediction

Tron price was at 0.01438 USD at the starting of the day, and its first major swing happened between 02:01 and 12:56 UTC. Over these 11 hours, the currency gained 1.81% value to add 0.00025 USD and got placed at 0.01439 USD. It was followed by a 3.19% decline in the value that cost it 0.00045 USD and pushed the TRX price to 0.01393 USD by 18:12 UTC. The last swing happened between 18:12 and 01:56 UTC today. In these 7 hours and 44 minutes, TRX coin managed a hike of 2.25% that added 0.00031 USD and pushed the price to 0.014249 USD.

Tron Price

There has been a massive increase in the market cap of TRON over the last 24 hours. Yesterday, it was 943.760 million USD, and today, it has been increased to 949.862 million USD over these last 24 hours.

Tron’s current price stands at 0.01414947 USD which is below from both the short-term moving averages. Hence, as per TRON Price Prediction, TRX coin may not be able to see any significant growth sign in the coming few days, and it may seek the support of 0.0140 USD as its next halt.

Tron (TRX) Resistance and Support Levels
1st Resistance $0.01440
2nd Resistance $0.01465
3rd Resistance $0.01480
1st Support $0.01400
2nd Support $0.01384
3rd Support $0.01359
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Kelvin Maore

Kelvin Maore

Kelvin Maore is a crypto market analyst at NameCoinNews with nearly five years of experience tracking digital asset markets. He covers price movements, market structure, altcoin developments, and macro signals affecting the broader crypto ecosystem, from Bitcoin analysis to emerging DeFi protocols. Kelvin is known for translating complex on-chain data and market dynamics into clear, reader-focused reporting. His coverage spans leading crypto assets with a consistent focus on making blockchain technology accessible to both new entrants and experienced investors.

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