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Tron TRX price continues in downtrend at $0.019

Tron TRX price continues in downtrend at 0.019

Tron TRX price is just another altcoin following the big fish such as Bitcoin, Ripple XRP and others as the price continues in a downtrend.

Tron TRX price stands at $0.019 at the time of writing and the highest point in the past seven days was on the 30th of October when Tron price hit the $0.023 mark.

Tron TRX price chart 1 - 1 November 2019Tron TRX price chart by Trading View

The market continues to remain volatile where both Bitcoin and Ripple are expected to hit another breakthrough soon. While on the other hand, grim predictions for all major cryptocurrencies also keep surfacing.

Tron TRX price movement: What to expect?

Tron TRX price may drop down to $0.0186, or even under the twenty (20) days Exponential Moving Average (EMA). However, the $0.0186 mark also serves as the major support level at the time of writing.

The twenty (20) days Exponential Moving Average (EMA) is moving upwards and the Relative Strength Index (RSI) is placed in the positive region, which means that the bulls are at an advantage.

Tron TRX price chart 2 - 1 November 2019TRON TRX price chart by Trading View

The price may move up to $0.030, given that the bulls take the trading pair’s value over $0.0234,

Although if the trading pair drops below the twenty (20) days Exponential Moving Average (EMA), it will be situated in the negative region.

This means that the traders may be able to notice the price vary around the support level and start long positions on a bounce from it.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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