Moving Charts: TRX Value Per Coin Analysis | 10% To @tron-fan-club
Hello and welcome to everyone at the Tron fan club. TRX has been performing great in the last few months. This was another eventful week for TRX. We have seen the token gain a small amount of value. Today we look back at the price movements of TRX over the last few days.
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TRX enjoyed a powerful uptrend from AUG'23 to FEB'24. In this time, TRX's price literally doubled. Although other cryptocurrencies faced a lot of hiccups in the road, TRX was very much stable in its growth. After a short break in this upward movement, TRX started going up again from AUG'24. The week started with TRX rising towards the strong resistance.
After the upward movement, TRX, getting rejected, started going downwards. It was just above 0.246$ only seven days ago. After the rise and rejection at 0.268$, it started going down very quickly. Eventually, it came around the support zone of 0.24$. Because of that, TRX is now up 4% in a span of seven days. It is below the resistance level of 0.26$ which is one of the crucial level. So, it needs to hold onto the support below and break-though the resistance. Now, TRX is hovering around 0.247$.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
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I want a steem Coin post, I hope you share the Steem Coin moving chart in the next post, thank you.
It is a great post of Moving Charts: TRX Value Per Coin Analysis
I also analyzed this token yesterday and to tell you the truth I almost completely agree with your analysis except for one more point that I think the resistance is not 0.26 but between 0.27 to 0.28