TRON’s Intraday Lacks Traction and Drops to Trade Below $0.030

TRON, one of the top 20 coins of the global market, is seen surrounded by a sluggish momentum and is continuing to trade below $0.030. TRON is altogether a different platform, and it’s not just about its native TRX coin but has a lot of projects associated with it on its own network. It has been not much time since TRON is live in the global crypto market, but its weekly performance is a fact check that TRX and TRON have been doing wonders.

It was just in the last week when the blockchain height of TRON exceeded 26.53 million, which is a major number. Moreover, CEO Justin Sun was appointed as a member of the Editorial Board of Information China Magazine. The two highlights of the previous week were just a bang on for the entire community to relish the returns that the native crypto will fetch.

As per the recent TRON Prediction, many networkers see a bigger picture who support TRON and believe that the price will explode into the bullish waves anytime soon, leading to massive profit bookings.

TRON Price Analysis

At the press time, TRON price continued to trade below $0.030 after ditching the ascending trendline due to lack of traction. On the daily chart, until the previous week, the price trend of TRX/USD was breaching the upper 20-day Bollinger Band and slid after the coin failed to hold through. With a long bearish candle in the intraday, it has now slipped to trading levels below $0.030 at $0.02910, which also led the MACD line to move towards a bearish intersection and cross below the signal line.

TRX had risen from yearly lows that it had hit when the coin crashed in March 2020 to rising as high as $0.050 and breaching the upper 20-day Bollinger Band with a steep high in the 3rd quarter of the previous year. With this year assumed to be dedicated to cryptocurrencies and its growth pertaining to what Bitcoin miraculously hit, it will be a wonder to see TRX attaining the same momentum as expected.

Recent Articles

GenM Clinches RM707m Loan for NY-Based Vacant Land

Wells Fargo, a US bank, has provided a grand loan of US$175 million to Genting Malaysia Bhd to enable the latter to purchase...

The Beginner’s Guide to Arbitrage Bitcoin? Is it Legal?

Bitcoin is a volatile digital currency increasingly used as an alternative to fiat currency for day-to-day online transactions. However, the unpredictable price...

UN Reports Cyberattacks on Crypto Exchanges Launched by North Korea

A UN expert panel recently reported that North Korea had been consistently attacking crypto exchanges and defense sector companies to acquire foreign...

Finxflo Unlocks New Trading Pairs for Crypto Enthusiasts

Finxflo, a leading cryptocurrency brokerage provider, has introduced a brand new trading pair of cryptocurrencies. Finxflo has its own token, FXF, which...

Reef Finance Collaborates with Manta DEX to Boost DeFi Adoption

Reef Finance, a leading cryptocurrency platform for DeFi (decentralized finance) has announced its collaboration with Manta Network to offer its users hassle-free access to liquidity...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox

[tdn_block_newsletter_subscribe input_placeholder=”Email address” btn_text=”Subscribe” tds_newsletter2-image=”730″ tds_newsletter2-image_bg_color=”#c3ecff” tds_newsletter3-input_bar_display=”” tds_newsletter4-image=”731″ tds_newsletter4-image_bg_color=”#fffbcf” tds_newsletter4-btn_bg_color=”#f3b700″ tds_newsletter4-check_accent=”#f3b700″ tds_newsletter5-tdicon=”tdc-font-fa tdc-font-fa-envelope-o” tds_newsletter5-btn_bg_color=”#000000″ tds_newsletter5-btn_bg_color_hover=”#4db2ec” tds_newsletter5-check_accent=”#000000″ tds_newsletter6-input_bar_display=”row” tds_newsletter6-btn_bg_color=”#da1414″ tds_newsletter6-check_accent=”#da1414″ tds_newsletter7-image=”732″ tds_newsletter7-btn_bg_color=”#1c69ad” tds_newsletter7-check_accent=”#1c69ad” tds_newsletter7-f_title_font_size=”20″ tds_newsletter7-f_title_font_line_height=”28px” tds_newsletter8-input_bar_display=”row” tds_newsletter8-btn_bg_color=”#00649e” tds_newsletter8-btn_bg_color_hover=”#21709e” tds_newsletter8-check_accent=”#00649e” embedded_form_code=”YWN0aW9uJTNEJTIybGlzdC1tYW5hZ2UuY29tJTJGc3Vic2NyaWJlJTIy” tds_newsletter=”tds_newsletter1″ tds_newsletter3-all_border_width=”2″ tds_newsletter3-all_border_color=”#e6e6e6″ tdc_css=”eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjAiLCJib3JkZXItY29sb3IiOiIjZTZlNmU2IiwiZGlzcGxheSI6IiJ9fQ==” tds_newsletter1-btn_bg_color=”#0d42a2″ tds_newsletter1-f_btn_font_family=”406″ tds_newsletter1-f_btn_font_transform=”uppercase” tds_newsletter1-f_btn_font_weight=”800″ tds_newsletter1-f_btn_font_spacing=”1″ tds_newsletter1-f_input_font_line_height=”eyJhbGwiOiIzIiwicG9ydHJhaXQiOiIyLjYiLCJsYW5kc2NhcGUiOiIyLjgifQ==” tds_newsletter1-f_input_font_family=”406″ tds_newsletter1-f_input_font_size=”eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSIsInBob25lIjoiMTMifQ==” tds_newsletter1-input_bg_color=”#fcfcfc” tds_newsletter1-input_border_size=”0″ tds_newsletter1-f_btn_font_size=”eyJsYW5kc2NhcGUiOiIxMiIsInBvcnRyYWl0IjoiMTEiLCJhbGwiOiIxMyJ9″ content_align_horizontal=”content-horiz-center”]