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 lose a substantial amount of value and quickly gain all of it back. 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 four months. This last four month is becoming an exception, as TRX lost value this time. The week started with TRX breaking through the resistance zone of 0.124$.
After fluctuating a lot at the beginning of the week, TRX started going upwards. It was just under 0.124$ only seven days ago. After breaking through the resistance, it started going up very quickly. But in the middle of the week, it got rejected at 0.13$.
TRX is up 3.33% in a span of seven days. This happened because after getting rejected at the resistance, it quickly fell and lost the bullish trend. But it is still above the support level of 0.122$. So, it needs to hold onto this support and break-though the 0.123$ resistance. Now, TRX is hovering around 0.129$.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
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"😊 Wow, what a thrilling ride TRX has been on lately! 🚀 It's amazing to see how it has bounced back from losses and is now hovering around $0.129. 💪 I love how you've broken down the price movements in such an engaging way, making it easy for us to understand the trends. 👍 Would love to hear more about your insights on TRX's future potential! 💬 And a huge shoutout to @bangla.witness for creating this amazing community - keep up the fantastic work! 🙏 By the way, if you haven't already, please consider voting for our witness 'xpilar.witness' by heading over to https://steemitwallet.com/~witnesses. Your support means everything to us, and it will help us continue contributing to the Steem community's growth and success. Thanks in advance, and let's keep the conversation going! 💬"
Wonderful analysis on trx price chart, hopefully we see major upside soon.