Technical Analysis

Tron Price Analysis: Tron (TRX) price showed a staggering decline today

It was recently tweeted by the TRON foundation with the recent updates with opera browser. Opera has added support for Bitcoin and TRON blockchains for the application of cryptocurrency wallet in the beta version for Android. This functionality will help the users to successfully pay and receive tokens of TRX and TRC10, which will enable the transaction through webpages.

https://twitter.com/Tronfoundation/status/1149164306115678208

TRX to USD Price Comparison

Considering the data of last 5 days, the value on 6th July at 12:05 UTC time was trading at $0.0318 which escalated by 11.68% on 8th July at 08:40 UTC time trading at $0.0356. The value after that saw a drop to the red zone by -12% on 10th July at 14:55 UTC time with a trading valuation of $0.03134. Today the value touched down to the lowest of $0.027, which was a drop by -12.63% at 04:50 UTC time.

The value now has slightly increased by 2.9% from then.

Tron Price Chart

Current Statistics of Tron:

  • Return of Investment: 1272.44%
  • 24 Hour Volume: 729,625,498 USD
  • Market Cap: 1,877,235,903 USD
  • Total supply/Circulating Supply: 99,281,283,754 TRX/ 66,682,072,191 TRX
  • 7 Day high/low: 0.035523 USD / 0.27540 USD

Tron Price Prediction and Conclusion:

With TRX coin bending to the bearish zone, it might be the right time for new traders to jump in! TRON price was seen unexpected dips and jumps, and soon enough it might trend in the upward motion resulting in good profits. But only time will tell how which direction the motion moves. By the end of 2019, it might seem that TRX price may trade between $0.007 and $0.075 resulting in some great numbers and returns.

John Franklin
8 posts

About author
John Franklin has completed his MBA with specialization in finance. He has keen interest in finance news writing and leads our finance news team. He loves reading finance magazines.
Articles
Related posts
Technical Analysis

Verge Price Analysis: With Bears Ruling the Price of Verge (XVG) Is Expected to Slide Down Further

There is no improvement in Verge price as the bears are continuing to push the price in the lower range. Verge coin…
Technical Analysis

EOS Price Analysis: EOS may be traded in the range of $4.66 and $4.81 today, will it bypass its previous best of $7.58?

From the period of 10-June-19 till 26-June-19 the coin has shown very good growth and the trend was bullish. On 23-June-19, the…
Technical Analysis

Electroneum Price Analysis: Electroneum (ETN) might be surging back above the baseline again!

ETN seems to have flushed the 51% attack risk on their network. This week, they launched a major upgrade that speaks about…