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 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. While many other cryptocurrencies encountered significant challenges, TRX maintained steady and consistent growth. This week was a reversal its previous movements, as it gradually fell to the level of 0.2325$.
After the bouncing movement and then going up and down for a while, TRX eventually lost the support below. So the fall was hard and quick. It was just above 0.246$ only seven days ago. After falling below the support line, it started heavily fluctuating. TRX is down 7.8% in a span of seven days. It is still below the resistance level of 0.2325$ 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 0.226$.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
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