TRON (TRX) Consolidates Around $0.011; Fails to Cross $0.012

TRON continues trading under bearish pressure over the past few weeks. However, after hitting $0.0092 on March 13, it reflects a slight recovery. The past one day also has seen the bears in a stronger position, but TRX coin still managed to stay above $0.0113. The coin has been moving in the range between $0.0111 – $0.0117 over the last 24 hours.

TRX/USD Prediction

TRON continues to trade with moderate volatility after registering a month-long regressive trend. Yesterday, the coin was trading at $0.0116 at 1:09 UTC, and then, it faced a slight fall of 3.51%, and the price touched $0.0112.  Then, the TRX coin marked a sharp upward move and traded with bullish influence. At 9:39 UTC, the coin showed an upward momentum of 5.16% and reached a high of $0.01178. However, from this high price point, the currency fell to $0.01115 by 5.32% decline.

After this steep fall, TRON price regained its price level above $0.0115 but failed to stay for long, and again it fell to $0.01114 by 3.52% drop. At 23:52 UTC, the TRX coin managed to show some stability, and the price traded in a similar range. TRX coin is working out ways to beat the ongoing bearish pressure from the past few days but fails to record tremendous growth. Analysts see this as a positive trend and believe that short term bearish fluctuations should not come in the way of showing the true potential of the coin, which is a great bet for the long term.