Will Tron (TRX) Continue Its Good Run Over the Coming Days?

• Tron price is slowly trying to get back after the initial bashing by the bears

The TRX coin, with its niche identity is quite a hit with the investor community on the blockchain platform. The volatility in the crypto market had hit it badly just like other major altcoins. The bear pressure was too much to handle, and the price of Tron was on a continual downswing and below the baseline for most of the 3-month period. However, there is some hope for the investors as the price of TRX coin has shown some positive momentum since the beginning of November. The coin has been trading in the range between $0.013 – $0.02.

Tron Price Analysis:

The price of TRX coin is trying to get over its bear days, as seen from the price trend of last 3 months. The price was $0.01809 on Aug 23. It fell to $0.0148 on September 07, and the downward movement was to the tune of 17.69%.

Then, on September 29, the Tron price rose to 20.95% at $0.01809. The price of TRX once again went below the baseline at $0.01318 on September 29, and fall is 27.14%.

Then, it went up to $0.01692 on October 09, and the rise is a good 29.82%. The bear pressure continued, and the price again fell to $0.01445 on October 24 at 14.95%.

After this time, the price of TRX started taking an upward swing above the baseline price, and the price reached $0.0216 on October 29, the rise is to the extent of a great 49.55%.

Today, the price has come down to $0.01929, the fall being 10.65%. Still, Tron price has managed to stay above the baseline and is looking for a stable run.

The bear pressure for TRX coin was too much, and the price was on a continually moving in the lower range for most of the 3-month period. At the end of the period, there seemed to be some relief from the bear pressure as the price started showing upward momentum and the price moved above the baseline. Analysts see this as a positive trend for Tron and expect it to continue this trend for the coming days well into the year-end.

TRX investors should hold on to their current investments as the crypto market is showing some positive momentum. Day traders and short-term investors can wait and watch the crypto market sentiment and then make moves accordingly.