TRON (TRX) Witnesses a Volatile Week; Consolidates Near $0.0218

• TRON loses 1.33% in the last seven days, and its value roams around $0.021867
• It is likely to recover at the earliest and reach its next resistance near $0.022648

TRX coin’s last few days’ bearish moves have startled the whole week’s growth. It has been dropped marginally over the last week, and its current price roams around $0.021867. However, in the medium-term, the currency is likely to have a strong price rally.

TRX Rebounds After 23% Weekly Drop

TRON cryptocurrency was trading at $0.022162 on February 11, and in the next two days, the currency started trading upwards and marked a huge hike of 17.29% and touched $0.025994. From this high, TRX coin faced steep fall and reached $0.02273 but later again started upside movement. In the next two days, TRON coin gathered momentum and added a 16.11% value and touched $0.026398. At this high, the coin couldn’t manage itself and faced a massive price fall to the extent of 23.21%, and it cost it $0.00612 and pulled the TRX price down to $0.020271, the lowest point of the week.

TRON’s current price at $0.021867 is almost 1.5% more than its 50 days MA ($0.021542) and 90 days MA ($0.02153). If we look at the MACD indicator, the MACD line has managed to trade above the signal line with a massive lead, and it hints at upcoming good days for TRX price. However, price volatility is likely to stay in the medium-term. As per our TRX price prediction, the next resistance may come at $0.02264.