Tron (TRX) Dribbles Heavily Since Yesterday

Tron price movement was quite impressive a few days back. The fall started taking over the coin from yesterday. The market is spotted under huge pressure and hence taking the coins down. There are few coins battling with the bearish trend, but the rest have fallen prey. The TRX coin is counted among the latter part of the group. The intraday traders might register losses today as there is no sign of improvement.

TRX/USD Price Analysis

As per the given chart, the price is reflecting a heavy fall in a week’s time. On November 13, the Tron price escalated to $0.020 from $0.019. The progression is marked by 2.92%. The price shifted to $0.019 by 4.30% on November 14. The TRX coin continued the fall and slipped to $0.0186 by 4.31%. On November 15, the price shifted to $0.018 by 4.31%. On the next day, the currency escalated to $0.0188 by 1.16%. On November 17, the price remained tight around $0.018. Yesterday, Tron price shifted to $0.017 by 8.52%. The week-long price movement registered a fall of 13.64%.

Tron Price Prediction

TRX coin price was recently seen improving. There was also some news regarding the upcoming ventures of the Tron Ecosystem which would have a long-lasting effect on the coin. Well, the speculation of improvement seems to get postponed as the coin is spotted under huge pressure. The current price of TRX coin is at $0.0170. The price is slowly moving towards the immediate support level.

Tron is registering a great fall on the price chart. The coin is usually suggested for short term traders, but as per the current scenario, we would suggest to hold on the investment.