Moving Charts: TRX Value Per Coin Analysis | 10% To @tron-fan-club

Hello and welcome to everyone at the Tron fan club. Another week has gone by, and today again we take a look at TRX. This week has been rather productive for TRX. The more short answer will be that TRX did a good positive week with noticeable gains. It also shows signs of stability. Today we get a more precise look at the tokens' price movement.

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Last week TRX was being traded at 0.107$. It was quite down under in the weeks before but started showing signs of improvement during that period. Thus the uptrend. This trend took TRX values up by quite a lot. In the chart, we will see that there are noticeable buffers at 0.108$, 0.112$, and 0.115$. These three valuations were acting as resistance, which evidently never held up. And TRX broke through.

This uptrend saw TRX post a high of 0.1166$. Clearly, the token was aiming for 0.117$ after breaking through 0.115$ but failed to do so. Instead, now a reversal started. Which took TRX down to 0.112$.

As the reversal stopped at 0.112$, there was an upward movement, small. But attempts did not come to fruition. In the end, TRX is seen to stabilize at the 0.112$ margin, making it a strong point of support. It has been in this region for 3-4 days. When there is enough stability in the token, we can expect TRX to try again, for higher gains.

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All Screenshots are taken from Coingecko

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No words from this article should be taken as financial advice.

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