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 unable to perform like before in the recent times. This was another eventful week for TRX. We have seen the token gain small value and then lose a substantial amount of value back. Today we look back at the price movements of TRX over the last few days.
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TRX has been experiencing a long consolidation period from start of this year, with its price fluctuating in a range. But recently, it lost momentum and started going down. While many other cryptocurrencies is experiencing sigficant loss, TRX is pretty stable and slowly keeping value. This week was a good one for TRX. This week started with TRX rising towards the resistance level of 0.28$.
The week passed with TRX trying to survive, bouncing several times on the support level of 0.28$. TRX was just above 0.27$ only seven days ago. After the fallhrough and pullback, it is now hovering above 0.278$. TRX gained 1.6% value in a span of seven days. It is still above the bearish trendline created over the week. So, it needs to hold onto the support below at 0.27$ and break-though the resistance.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
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