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 gain 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 pretty much stable in its growth until the last two months. This last two month is becoming an exception, as TRX lost value this time. The week started with TRX climbing the bullish trendline that it created last week.
TRX started going upwards at the beginning of the week. It was under 0.126$ only seven days ago. After breaking the resistance, it went up very quickly. But in the middle of the week, it started falling. Actually getting rejected at the resistance line made TRX lose strength.
TRX is down 1.1% in a span of seven days. This happened because after getting rejected at the resistance, it quickly fell. Thus TRX created a descending support line. Following the days long trendline, TRX kept its down movement. Now, TRX is hovering around 0.125$.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
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I am predicting that we might be seeing a massive fall downward
Good to see trx is really making major gains this period, I mean I had anticipated a positive response on crypto market seeing as I was bullish on Bitcoin based on TA. Well it's good to see trx moving up nicely.
The tron is a valuable coin in the market and the chain is also quite popular because of cost effective transfers. The analysis you have shared is quite good and thanks to you for sharing it.
It's good to know that you've found value in my post. Thank You!
Price Analyzes of TRX in a beautiful way is very good, please go ahead and share more good posts.
Thank you for passing by and the appreciation.