Moving Charts: TRX Value Per Coin Analysis | 10% To @tron-fan-club
Hello and welcome to everyone at the Tron fan club. TRX has been performing great in the last few months. This was another eventful week for TRX. We have seen the token lose a substantial amount of value. Today we look back at the price movements of TRX over the last few days.
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TRX enjoyed a powerful uptrend from AUG'23 to FEB'24. In this time, TRX's price literally doubled. Although other cryptocurrencies faced a lot of hiccups in the road, TRX was very much stable in its growth. After a short break in this upward movement, TRX started going up again from AUG'24. The week started with TRX just above the support line of 0.166$.
After losing the support at the 0.166$, TRX started falling downwards. It was just above 0.168$ only seven days ago. After the fall and bounce at the support zone, it started going up very quickly. But it fell again. Because of that, TRX is still down 4.7% in a span of seven days. It has created a bearish trend. But it is still below the resistance level of of that line. So, it needs to hold onto this support and break-though the bearish resistance. Now, TRX is hovering around 0.160$.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
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It is a great report of Moving Charts: TRX Value Per Coin Analysis.
A well delivered and conveyed analysis on the price movement of thebTRX token, thanks for sharing.