Tron price movement was quite good at the beginning of the week. The momentum got disturbed due to the market pressure. The current fall is also the consequence of the pullback. Intraday trading is likely to register moderate movement. The recovery could be seen in some time. The traders can invest in the currency with a high prospect of profit. The first quarter holds high expectation from the coin.
TRX Slips With Bearish MACD Signal
TRON coin started dealing at $0.0174 on yesterday. The price slipped to $0.0168 by 3.2% in the next 2 hours and 23 minutes. The TRX price locked around $0.0168 for a while but later slipped to $0.0166 at 5:36 UTC. Later, the coin marked a slight recovery and the price escalated to $0.0169 but then again fell to $0.0162 by 4.19% drop. The price again locked around $0.0162. In the next hour, the TRON price dropped to $0.0159, and then, it improved and touched $0.0163. The closing hour brought the coin to $0.0161.
Today, TRX coin began with a price fall. The counter moved from $0.0161 to $0.0156 in just 3 hours. The coin held a $0.0159 level for a while and then dropped to $0.0156 by 2%. Further, the price escalated to $0.0161.
MACD line and signal line have recently intersected, and the MACD line started moving below the signal line which indicates an upcoming downtrend.
Tron is likely to breach the immediate support level at $0.0157 in the coming hours. There is a possibility that, as per the TRX price prediction, we can expect the currency might slip to the next support level at $0.0152 by the end of the day.
