Tron Makes a Good Start, Can It Be Sustained?

• Tron gains 14.6% in the last 24 hours and goes as high as 0.0164 USD.
• The next resistance may come at 0.0189 USD.

Tron has followed the market norms, and it also has become one of the major coins to have brought bullish run over the last 24 hours. It has been up by 14.60% in this period, and two of the three price swings denote an upward movement of the coin.

Tron Price Analysis:

Tron opened the day around 0.0143 USD, and over the next 7 hours and 44 minutes, it strengthened to add 0.0012 USD and got placed at 0.01562856 USD. The second swings started at 09:17 UTC, and by 20:15 UTC, it got increased by 8.53% and went to touch 0.01659774 USD. However, the value could not stay there for long, and it has to face price correction soon, and by 00:49 UTC today, TRX was down to 0.01609301 USD after a 3.04% cut.

The market cap of Tron also has taken a major shift in the last few days. On October 06, the market cap was at 986.17 million USD, whereas it has been increased to 1.090 billion USD as per the current data.

Tron Price Prediction:

Tron’s 20-day moving average is going way above its 50-day average, and due to the recent hike, its current price is also chasing both the lines. According to the recent TRON Prediction, it shows that it may get strengthened in the upcoming few days and it may find resistance at 0.0189 USD.