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 lose and then gain a substantial amount of value. Today we look back at the price movements of TRX over the last few days.
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TRX has been experiencing a strong uptrend since August 2024, with its price doubling during this period. But recently, the trend slowed down. While many other cryptocurrencies is experiencing sigficant gain, TRX is pretty stable and just fluctuating. This week started with TRX slowly fluctuating.
The week started with TRX trying to break the resistance at 0.275$, and stayed at this event through-out the week. TRX eventually failed at breaking the resistance and started going downwards after that. TRX was just above 0.274$ only seven days ago. After the rejection at 0.275$, it is now falling. TRX lost 0.8% value in a span of seven days. It is still below the resistance zone of 0.275$. So, it needs to hold onto the support below at 0.27$ and break-though the resistance. Now, TRX is hovering around 0.272$.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
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Hey @arsalaan, great to see a focused analysis on TRX! Your week-in-review is a valuable contribution to the Tron fan club. The way you've presented the price movements, highlighting the struggle at the $0.275 resistance and the subsequent dip, gives a clear picture of the current situation. I especially appreciate the inclusion of charts from Coingecko; visuals always make the data more accessible.
It's good to see level-headed commentary like this, especially given the market's volatility. Thanks for keeping us informed, and I'm looking forward to your next update. What are your thoughts on the long-term prospects for TRX, and how do you see it breaking that resistance? Let's get the conversation going!
It is a great article of Moving Charts: TRX Value Per Coin Analysis.
Seems like trx is currently consolidating which for me seems like it will be in this position in the next couple of weeks. Well the market sometimes can not be predicted so let's see how it will goes