TRON (TRX) Reflects Marginal Decline Over the Last 24 Hours

TRON price trend seems disturbed with the current price movement. The same could lead to a heavy plunge in the upcoming hours. The chances for improvement in the price of TRX coin are not ripe. The currency holds high popularity in the market. The impending period is likely to bring loss to the traders.

TRON Price Analysis

Yesterday, TRON price was spotted at $0.0127 during the opening hours, but later, it faced a steep fall and fell to $0.0120 by 5.16%. From this low, the currency picked up the pace and touched $0.0125 by 3.94% hike at 01:25 UTC. In the next few hours, it reflected pullback pressure and the price plunged to $0.0122 by 2.81%. The TRX coin again reflected upward movement and reached $0.0124, and this time the escalation was of 1.33%. The coin hovered around the same level till 9:30 UTC.

In the next one hour, there was an escalation spotted that took the TRON price to $0.0126. However, it faced rejection, and again it couldn’t handle the pressure and dropped to $0.0122 at 04:13 UTC. Then, the TRX coin marked improvement and took the price to $0.0124.

With a slight plunge to $0.0123, the coin continued to trade upwards and touched $0.0127 by 3.33% at 21:36 UTC. After reaching this level, TRON continued to trade stably and closed the day at $0.0127. The day-long movement brought a slight drop of 0.48%.

Today, TRX started the day with stable movement and hovered around $0.0126 with moderate volatility. Recently, the currency reflected marginal drop and fell to $0.01252. The moving averages, 20 and 50-days, are at $0.0125 and $0.0126, respectively, and the placement indicates bearish crossover. The MACD indicator also reflects bearish crossover as the Signal line overpowers the MACD line. The coin is quite near to the immediate support level at $0.0129. The possibilities for improvement are scarce.