Will Tron (TRX) Take the Surge Ahead of the Bears?

Tron price, like other major altcoins, has had to face the pressure from the bears, and its price has on a continual downswing in the current market volatility in the crypto market. The past one-month price trend for TRX coin shows the coin going in for a recovery mode, with the price being mostly in the higher range. This is a good sign for the investor community as their returns have shown some stability during this period though the price is still reeling under bear control. The price of Tron has been oscillating in the range between $0.014 – $0.0218.

Tron Price Analysis

TRX price has made a good start to its recovery, as seen from the past 30-day price trend. The price was below the baseline at a low of $0.01419 on October 23. The price picked up and reached $0.0183 on October 26. Tron price was still below the baseline and fell further to $0.01646 on October 27. The days forward were good for the coin as the price started showing an upward trend and moved up to $0.02188 on October 30. The price fluctuations were continual due to the bearish pressure, and it fell to $0.01841 by 15.86% fall on November 08. The TRX price picked up and reached at $0.02014 on November 14. The bear pressure was visible when the price of Tron again went down to $0.01657 on November 19. There has been no change, with the current day price being maintained at 0.01657.

TRX coin has been trying hard to recover from the bear onslaught. The price managed a decent run during the past 30 days. It has to be seen whether, in the next few days, the trend can be continued for the coin. Analysts have faith in the unique quality of the platform and its capability to withstand bear pressure. Tron price is expected to have a decent stable run by the year-end.