Moving Charts: TRX Value Per Coin Analysis
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 for about a year now, with its price fluctuating in a range. But recently, it maintained momentum and started gaining a little bit. This has been going on for the past few weeks now. Usually behaves against the market but recently it just can't keep up with the severe downturn of the market. TRX is pretty stable but slowly losing. This week was realtively positive but the last two days were not kind. This week started with TRX consistently staying above the support level of 0.28$ and touched 0.285$.
The week passed with TRX trying to hold it's ground, bouncing on the resistance level of 0.285$. TRX was just above 0.28$ only seven days ago. After the fallhrough and pullback, it is now hovering right above 0.28$. TRX gained 0.6% value in a span of seven days. It is still above the bearish trendline created over the week. The week's gains were wiped out. So, it needs to hold onto the support level at 0.28$ 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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