After being busy with some personal stuff over the last couple of weeks, I return to staring at charts. Today we take a look at TRX today. Within the last week, TRX has suffered a dump due to the SEC delisting it from Binance US. That put a dent in the smooth progress TRX was having over the last month or so. It was a consistent movement toward the upper side of the crypto space and TRX was still gaining value.
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Now if the start looking at the chart 7 days ago TRX was rated at 0.066$. It was continuing on its due course and was going through a routine reversal before trying to back up. After that when news came in, about TRX getting delisted, by sources on the internet the number is put at 6%. A 6% decrease in valuation. Took the token from 0.066$ to 0.0062$. The only good thing was it stopped where it stopped.
But thankfully after that moment, TRX did not continue in that red line and rather tried to conjure the lost value. And as a result of being at 0.062$ within the next 2 days, it reached back up to 0.065$. that is almost all the value gained back from the lost ones. And on the 14th of April a small pump to TRX over the line and it touched 0.067$ That is a significant and very proactive response to the token getting delisted. Currently from that moment, TRX has been recording higher highs and higher lows and as a result, it is looking well set to gain back the traction it had before the dumb took place. That's it.
All Screenshots are taken from Coingecko
TRX is currently valid at 0.065$ which I believe will go up to where it was before and eventually succeed it and the token will game more in the next weeks or months.
Thank You.
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If you have other crypto and want to buy TRX then this might be a good time. Bitcoin and Dogecoin have pumped last couple days.
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You have made a wonderful analysis on the trx price chart. Thanks for sharing with us.
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