Weekly TRX Price Analysis || 10% To @tron-fan-club

in Tron Fan Club2 years ago


Good day to you all. And Hello. Today I'm back with another weekly price chart breakdown. Today again we talk about TRX. We have had a declining market. But TRX hasn't taken that much of a hit from that but gaining lately. Something which everyone would love to see. nonetheless here goes my usual breakdown.


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Source 1 Source 2 Source 3


Over the past week, TRX was steadily failing. Losing crumbs of value over the days. But then a pump came, which kinda fixed stuff. But that pump didn't stay afloat. It gave a nose dive again. Then again it started to lose crumbs of value until another pump came in. As we can see here, this week TRX starts at 0.061$. Then a pump takes them up to 0.063$. But it did not survive either. Rather, the pullback was devastating and TRX lost more value than what they initially had. Dropping down all the way to 0.058$.


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Things were looking bad for TRX. And all this was just three days into the week. But then for the next two days, a very sharp rise ensued. Taking the prices of TRX from 0.058$ to 0.064$. This is the highest it has been this week. And the 0.058$ mark was the lowest. Quick changes.


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But we all know what happens to quick changes. This uptrend was starting to lose value. The reversal saw TRX prices go from 0.064$ to 0.061$. This was bad news, as every pump was failing, none was able to make a significant stay on the top end. But this reversal which took TRX to 0.061$, also took another turn. For the last day, which basically means yesterday. TRX has been recovering as of late. It is not much, but it is something. If you look into it closely, the whole chart is an uptrend. And it has been recording higher highs and higher lows. But the volatility of it is what actually makes people worry.


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All Screenshots are taken from Coingecko

Regardless of the market, TRX is continuously volatile. This time it isn't following the BTC price movements like last week. If the trend continues regardless of the latest little dip, then we can finally expect improvement. But very little. That was my thought about last week's TRX price movements. I hope you all like it.

Thank You.

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