$ 1,199.01 2.37%
$ 38.39 5.75%
$ 0.072313 1.06%
$ 4.94 0.11%
$ 20,891.00 1.92%
$ 234.17 1.52%

TRON price analysis 24 June 2019; TRX surge is now in full swing

TRON price analysis 27 May 2019

During last week’s bullish surge we were able to see many coins reach their 2019 highs, while others fell behind on the trend. Bitcoin was in the epicentre of the occasion as always, managing to display as much as 11% growth within just a couple of days.

TRON was also able to follow up on the surge and contributed to the new $300 billion added to the market capitalization. Although the coin couldn’t set a new yearly-high, it’s still inching its way towards an important resistance level.

TRX is currently trading at around $0.039, just inches away from its $0.040 resistance level which is also the highest price the coin managed to reach in 2019.

Before reaching the $0.040 price point it seems that TRX is struggling to maintain the $0.39 position which it managed to gain from last week’s surge.

TRX price chart

TRX chart by Trading View

At the moment of writing this article, TRON (TRX), Cardano (ADA), and Stellar (XLM) are locked in a battle for the 10th position, all coins just a few billion away from each other in terms of market capitalization.

Should TRON manage to maintain its #10 spot before the end of the week, it will be in a much healthier position to follow the next Bitcoin surge which is sure to come as the #1 crypto gears up for its $15,000 jump.

Giorgi Mikhelidze

Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

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