TRON (TRX) Marks Heavy Plunge on 24-hours Run

The crypto market started the intraday trading under strong bearish hold. The same has continued and is likely to remain for the rest of the day. The tremendous fall in the TRX coin is quite scary for the traders. The intraday trading seems regressive, but chances of improvement are still there.

TRX Price Prediction

Yesterday, TRON cryptocurrency started dealing at $0.0137, and within the next 4 hours, the price plunged to $0.0134 by 3.02%. Then, the coin improved the momentum, and in the following hours, at 08:02 UTC, the TRX price spotted at $0.0137. The price locked at the same level till 11:30 UTC, and later, the coin price dropped to $0.0132 by a 3.80% fall.

Further, the TRON price recovered to $0.0136 by 3.42% at 14:01 UTC, but it faced a slight plunge again, and the price reached $0.0132 in the next 3 hours. The closing hours brought a slight regression from the price level of $0.0135. The day ended at $0.0134, with an intraday regression of 2.15%.

Today, the TRX coin started the day at $0.0134, and in the next few hours, the coin spiked at $0.0136. Later, the currency price dribbled to $0.0124 at 05:57 UTC by a massive decline of 8.04%. There was a slight improvement observed in the next 30 min that brought TRON price to $0.0127, but again the coin traded downwards and reached $0.0124 at the time of writing.

The current price of the coin has breached the immediate support level at $0.0132, the next support level at $0.0130, and the major support level at $0.0128. Since the past three days, TRX price was trading under moderate bearishness, but today, it marks a steep fall, and as per the current movement, it might continue to trade even below further.