The TRON cryptocurrency and TRX price have made an addition of 12.74% over the last month despite the hefty volatility on the market. As Tron sustains its upside momentum, we can see that there have been multiple intraday shocks observed in the last 30 days. Currently, the TRX price is around $0.0131.
From the start of this month, we could see that the TRX price traded with upside momentum in the cryptocurrency news. It failed to cross the $0.014 mark and after April 7, the currency reflected moderate downside correction and touched a $0.012 mark. Then, it regained its price above $0.013.
On March 20, we could see the TRX/USD trading pair arriving at $0.0116. This was the moment when traders knew that Tron sustains a potential momentum – from there, TRON managed to gain 36.23% in value which added $0.0037 to its price and pushed it to $0.0140 by April 7. From there, the currency has been trading downwards and lost 15% of its value as on April 16, reaching $0.011922.
On the same day, we saw TRON marking a steep hike and crossing a $0.013 price mark. The current price of TRON at $0.01318 is trending above the 90 days moving average (MA) of $0.013172 and 200 days MA (of $0.01299). The MACD indicator shows that there is a bullish crossover as the MACD line overpowers the signal line.
When it comes to the overall price trend of TRX, we can see that the Tron news are not showing many new updates. Besides the TRON staking which is now available on the Ledger hardware wallet and the JUST Foundation airdrop, there haven’t been many headlines supporting the TRX price.
Anyways, analysts are predicting a bright future for the Tron price with potential upside movements and crosses over the next resistance points at $0.0133 in the upcoming days. Investors may also witness price fluctuations based on the entire market sentiment. This morning, we can see that there are a lot of reds on the market and this may be a tough day for all cryptocurrencies.
Moreover, we can notice that not many coins are losing a lot in terms of value. Bitcoin Cash (BCH) has lost 2% which makes it the worst loser today – while Stellar (XLM) added 3.44%, being the best performer in the top 20 cryptocurrency list.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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