TRON Continues Declining Trend Second Day in a Row

TRON coin is one of the cryptocurrencies in the market that has suffered extensively in March 2020. Despite heavy price crashes, the currency has shown a remarkable potential to recover, and the same has taken the traders by surprise. The TRX coin was spotted readjusting the 52-week low at $0.006, but it took very little time to regain its momentum.

TRON (TRX) Price Forecast

Since March 24, TRON price was trading around $0.011 price mark with moderate volatility. Yesterday, the currency started dealing at $0.0120. In the next 20 mins, the price escalated to $0.0123, but then it faced a slight fall in the next 2 hours, and the price dribbled to $0.0118. Soon, the currency escalated to $0.0121 by 2.47% but again plunged to $0.0116 at 05:30 UTC. Later, the TRX coin price hovered around $0.0116 for the next few hours. The price was pulled down during the closing hours and touched $0.0109. However, the coin regained its momentum and closed the day at $0.0113. The day-long movement reflected a 6.42% regression in the price of TRON coin.

Today, the currency began the day with a plunge of 3.08% as the price counter was at $0.0109 at 00:20 UTC. Later, the price spiked at $0.0112, which further dropped to $0.0107 by 3.70%. Recently, Tron has started recovery, and now it is trading at $0.0110. The coin has breached the immediate support level at $0.0112. And its crucial support level at $0.0106 seems unachievable. The possibilities of improvement in TRX coin seem farfetched.