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 lately. This past week it has gained some significant value. The charts show a gradual uptrend. And it looks like TRX has been recovering from the downfall it was having. Today we will see the behavior of TRX over the past 7 days.
Made with Canva.
Last week TRX fared at 0.112$. In a rather quadratic rise, TRX reached up to 0.118$ from there. Here 0.118$ was acting as some sort of resistance. Thus TRX could not break through immediately.
After reaching 0.118$, TRX stagnated. It slowly gathered momentum to go again. Then on 4th February, it could do it. It was stuck at 0.118$ since February the 2nd. After breaking through, there was another hurdle. This time TRX bumped into the 0.12$ margin. It was early on 5th February.
After the first attempt failed, TRX tried again to break through 0.12$. This was yesterday. When it did, the value of TRX skyrocketed. TRX went from 0.12$ all the way up to 0.128$. This was the highest TRX could reach within this week. Sadly the reversal was quick, and TRX now hovers right under 0.122$. This margin also needs some breaking through. Regardless, it was a good week for TRX as we can see there are no new lows, and there were consistent highs posted across the board.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
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Tron is getting momentum it seems in the market and you have shared quite detailed technical analysis for this coin. Informative article
I Hope BullMarket TRX Hits $0.5! And other tokens on the Tron blockchain will do well,
Your article is very good. Nicely explained. I hope you write articles like this in the future.Thank you.