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Tron TRX price recovers with 3 percent gains

tron trx price analysis 18 october 2019

Tron TRX price is recovering from the recent downtrend with over three percent (3.7%) gains in the past twenty-four hours.

Tron’s (TRX) price has cut down on most of its price gains while it dropped under the $0.0160 support region. Tron TRX price slid past the $0.0150 support region while it has declined by more than six percent (6%).

Tron was briefly removed to its current position at the 11th place among the top cryptocurrencies by Monero, however, it is back at the place before the end of the day.

Tron TRX price chart 1 - 18 October 2019Tron TRX price chart by Trading View

Tron TRX price movement: What to expect?

The upcoming support level is at the $0.0145 price mark, while it may test support at $0.0140 if it falls under the former support level. 

Tron TRX price chart 1day 18 october 2019

Tron TRX price chart by Trading View

On the other hand, the closes resistance point stands at $0.153 and then the $0.016 marks. Both of these marks are the closest Tron TRX resistance points pushing the TRX price down as these lines are being written.

On the other hand, the market as a whole is seeing a downtrend. The total market capitalization has been down to two hundred billion dollars ($200B) in the past twenty-four hours. However, the weekend is expected to provide some clarity to the price trends.

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

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