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Tron Price Analysis: Tron (TRX) Price Takes a Steep Drop on the Intraday Chart

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Tron (TRX) indicates a heavy loss on the monthly price chart.

  • The coin might take some time to recover.

Tron (TRX) price has been under huge pressure since the last month. The currency has behaved quite well in the first two quarters, but recently, it has to suffer a lot. The traders, who have already invested in the coin have booked losses and hence thinking about other options.

The current scenario of the coin is a little scary, but the coin has a high prospect to rise in the future. To understand the momentum more precisely, let’s have a look at the price statistics.

Current Statistics of Tron:

  • The price of the coin is at USD 0.017795.
  • The coin is at the 14th rank in the crypto market.
  • The ROI is marked as 755.19%.
  • The 24hr volume stands at USD 368,330,919.
  • The market cap of the coin is USD 1,169,739,116.
  • The circulating supply has 66,682,072,191 TRX.

TRX to USD Price Comparison:

The chart is taken from Trading View on 20th August 2019, at 07:24:44 UTC for price analysis.

Tron price chart - Aug 20
Tron Chart By TradingView

A month ago, the coin was dealing at $0.028. The coin dropped by 22.68% and touched $0.022 in two days. The coin kept dealing around $0.024 for the rest of the days in July. The month closed at $0.022, and in 10 days the drop was of 22.30%. The ongoing month started at $0.022 and kept dealing at the same level. The coin started falling after 5th August from $0.022 to $0.018. The coin has started reflecting a little improvement after the heavy fall on 14th August. The coin kept dealing around $0.017 till today.

Tron Price Prediction and Conclusion:

Tron (TRX) is expected to rise in the future. The coming days could bring a piece of good news for the traders who have invested in the coin. However, the prediction is astronomical. In the coming years, the coin could witness an upsurge of 4% to 5% profit in the coin. The currency is speculated to close around $0.050 to $0.060 by the end of 2019. The traders can dig in for a small term period in the coin. The same would bring a colossal profit.

 

Source:www.cryptonewsz.com