TRON News

Will Tron Price Exhibit a Bearish Short-Term Future?

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  • Tron price is still reeling under bear pressure as seen from the 5-day price chart.

Tron (TRX) had a good start to the year and maintained a stable upward momentum till June. When the bearish sentiment set in the crypto market in July, the price went on a continual downswing. The 5-day price chart shows that the price of TRX is still affected by the bear pressure and is moving in the range of $0.013–$0.014.

TRX to USD Price Analysis:

Tron has been under a lot of bear pressure as seen from the 5-day price chart. The price of TRX was at $0.0137 on Sep 29 which later fell to $0.0130 by 5.16%. On the same day, the price of TRX rose to $0.0149, the rise was to the tune of 14.66%. With the bears getting again stronger, TRX went on continual fall and reached $0.0149 on Oct 02, the fall being to the extent of 7.67%. The price was still below the baseline but somehow managed to give a glimpse of recovery by 4.42% on the same day and reached $0.0138. The current trading price is $0.0144, which is higher by 4.35%.

Tron Price Chart

 Though, Tron had a good start to the year and had maintained a notable momentum till June, just when the bear sentiment crept in the crypto market, the price went on a continual downswing. It is still recovering from the bear onslaught. Analysts, however, have faith in the unique technological features of the platform and expect the coin to bounce back by the year end.

 Short-term investors may not gain much in the current crypto market volatility and should think of a long-term investment. Short-term investors and intraday traders should avoid the current market scenario and wait till the volatility shows signs of subsiding.

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