TRON(trx)market reviews and price predictions
TRON market statement for 2023-02-02
Yesterday the price of trx stood at $0.07. The market capitalization of the asset was $5 811 177 846. TRON’s volatility was established at 5.35%. The trading volume of the coin reached $369 162 767.
TRON prognosis for the next days:
We estimate the price of TRON to be $0.07 tomorrow 2023-02-05 and $0.06 on 2023-02-11;
We estimate the market capitalization of TRON to reach $5 766 792 287 tomorrow 2023-02-05 and $5 773 643 890 on 2023-02-07;
We estimate the volatility of TRON to become 1.42% tomorrow 2023-02-05 and 1.9% on 2023-02-07;
We estimate the trading volume of TRON to amount to $328 390 438 tomorrow 2023-02-05 and $354 766 156 on 2023-02-07.
Our recommendation for the pair TRX/USD for tomorrow, 2023-02-05, to hold.
Restrained price action on January 27 to February 2 as TRON moves up by only 3%.
The price of TRON was rising last from January 27 until February 2, giving enough reason to conclude that the market is bullish. TRX was caught in a period of low volatility, which was reflected in its price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The torpid TRON had its price rise only by 1% last week (January 20 - January 26).
Between January 20 - January 26, TRON has been mostly bullish as its price has been in the rising mode. The volatility associated with the TRX market was low, as were its price fluctuations. The market capitalization of the asset has been increasing in concert with the price of the coin. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Last week’s (January 19 - January 25) irresolute TRON : the price moved up no more than 2%.
The price of TRON was rising last from January 19 until January 25, giving enough reason to conclude that the market is bullish. The volatility associated with the TRX market was low, as were its price fluctuations. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the increasing trading volume.
January 18 - January 24 price action recap: TRON sees a weak 3% gain as the buyers take a step back.
The bullish behavior of TRON last week was characterized by the occurrence of upswings. The price swings of TRX pointed to the presence of low volatility. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.
TRON market stayed flat from January 17 - January 23.
TRON portrayed neutral behavior last week, with no changes in the price. The volatility associated with the TRX market was low, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
January 12 - January 18 price action recap: TRON sees a weak 5% gain as the buyers take a step back.
The analysis of last week’s price action shows that the TRON market is in the bullish phase since the price has been moving upward. The volatility associated with the TRX market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
TRON market outlook from January 9 - January 15 :the price surges by 13%.
The bullish behavior of TRON last week was characterized by the occurrence of upswings. TRX has been going through a period of medium volatility, which fell in line with the occurred price changes. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of increased trading volume.
TRON market stayed flat from January 4 - January 10.
TRON portrayed neutral behavior last week, with no changes in the price. The price swings of TRX pointed to the presence of low volatility. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
TRON market stayed flat from January 3 - January 9.
TRON portrayed neutral behavior last week, with no changes in the price. TRX has been going through a period of low volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
TRON slid down by 5% last week (January 2 - January 8) as the sellers pushed back.
The bearish behavior of TRON last week was characterized by the occurrence of downswings. The situation on the TRX market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the decline of market capitalization. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.