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

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 recovering market. But TRX hasn't taken that much hype from that but gaining and losing ahead of the market. Something I really don't know how to react to. nonetheless here goes my usual breakdown.

Source 1 Source 2 Source 3

By now if you are paying attention then you will see that the pump we had for most of last week is beginning to tremble down. Which was expected, and TRX is walking the same road, which is also expected. But starting from the beginning of our usual 7 days where we calculate, we see that TRX starts at somewhere around the 0.0633$ area. After this, the value was decreasing for quite a period. From 1st to 3rd of November. That is three days in total. This took the prices down by quite a bit. The downtrend bottomed out at 0.0615$ also I must mention that the price was stable at that low level for a day, among the three.

After this, the recovery started. Rather speedy recovery. From 0.0615$ to around 0.0645$ a 0.003$ increase in the next day. It's a small number but we have to live with it. Shortly after reaching that mark, TRX declined again. Reached the support barrier of 0.0635$. It was good that it had stopped there. This is only 6th of November here. After reaching that barrier, the numbers went on steroids again. In the next couple hours the value rose to 0.065$. Quite the increase.

But this is where the good news ends. Right after reaching 0.065$, it all crashed like a house of cards. From 6th November to 7th November the price went from 0.065$ to 0.062$. If you consider it on a large scale, that is a big loss. Also we must remember that this value is actually lower than where TRX started the week. At the very backend of the chart we are seeing a desperate attempt of TRX to at least reach back to a respectable amount. An upwards trajectory, but too small to be happy about.

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.