After releasing the incentive plan and new partnership with Huobi Global last week, it is expected of TRON to full the motion in the upward direction. Because it might be a good time after a settling trade in the bearish zone as traders are expecting to earn some fruits too!

Price Analysis of TRON on 19th July 2019

The value of TRON is currently trading at $0.0255 at 07:58 UTC time on 19th July 2019. The other essential factors contributing in the chart is mentioned below:

  • Market Ranking: @11
  • Return of Investment: 1140.04%
  • Total supply/Circulating Supply: 99,281,283,754 TRX/ 66,682,072,191 TRX
  • 24 Hour Volume: 580,084,040 USD
  • Market Cap Value: 1,696,143,049 USD
  • 7 Day high/low: 0.029718 USD / 0.020435 USD

Comparison

Considering the data from past one week, the highest was initially seen on 14th July at 06:45 UTC time trading at $0.029098. The value dropped by -17.71% on 15th July at 00:30 UTC time trading at $0.02394. The value on 17th July at 11:45 UTC time dropped by -14.97% with the trading valuation of $0.02036.

The value increased by 27.26% on 18th July at 16:40 UTC time with the trading valuation of $0.02591. The value now is trading above the baseline.

Prediction and Conclusion

TRON may shift in the strong bearish zone right now. The value seems to have plunged under the standard that invites more investors to ‘buy’ TRX in the framework. Regardless, we are looking for after TRX to move back up again for the users to entertain a couple of profits finally.

The calculated resistance support as follows, might help the traders with a safer zone trading.

  • R3: 0.030822
  • R2: 0.028464
  • R1: 0.027135
  • Pivot Point: 0.024777
  • S1: 0.023448
  • S2: 0.02109
  • S3: 0.019761

TRON by end of 2019, might fluctuate to $0.05, however, it is expected to move higher only if the start trading in the escalation mode.

Published by Darius Baughman

Darius is a crypto expert and deals with various cryptocurrency exchanges. He also expertise in Ethereum news and writes latest news for ethereumnews.live. He has also worked as a freelance content writer for 2 years.