Tron (TRX) Exhibits Tremendous Fall by 25%

Tron is considered as a high potential coin. The price movement in TRX coin has given flourishing results in the past. TRX price was at $0.020 on January 01, 2019 and the current price is at $0.014. The year-long movement in price has touched a high of $0.040 and a low at $0.0123.

Tron Price Analysis

Tron started the year at $0.02016. In January, the price escalated to $0.02655 by 32.01%. The currency dropped to $0.024036 by 8.84% in February. In March, Tron price remained tight around $0.023. In April, the currency escalated and touched $0.02509. In May, the price escalated to $0.03747 by 49.57% hike. The price slipped to $0.03324 by 11.12% in June. The downtrend remained intact, and the price of Tron touched $0.02257 by 31.94% in July. Further, the price dropped to $0.01574 by 29.14% in August. The coin touched $0.01323 in September. The currency improved in October, and the price touched $0.02017 by 52.51%. In November, the price slipped to $0.01496.

Tron price is currently dealing at $0.01496. The price is slowly moving towards the immediate support level at $0.0147. The momentum in coin might take the TRX price to the next support level at $0.0141. If the price recovers, the coin might reverse and touch $0.016.

The currency is speculated to give flourishing results in the future. The traders are recommended to opt for short-term investment. The specified period would give the desired result.