Tron Price Analysis: TRX Is Best Performer Among Top 10 Cryptocurrencies

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Tron Daily Chart – Source: Tradingview.com

Tron has returned to being the top performer among high market cap cryptocurrencies.

It has appreciated around 5% over the past 24 hours, outperforming all major peers.

Price action has been forming more bullish, and this increase has resulted in the daily price action forming a higher low.

Price is close to forming a higher high but is currently meeting resistance at $0.028.

Price has met resistance at this point in the previous trading.

$0.028 to $0.031 was a key area of liquidity during bearish drops which took place in August for Tron.

Tron Hourly Chart – Source: Tradingview.com

Similarly to other top cryptocurrencies, Tron underwent a bearish drop in earlier price action today.

Price found buyer liquidity around $0.0248 which has been a point of consolidation a number of times in the past for price action as seen on the hourly chart.

Since the bearish drop, the price has been recording bullish movements.

The same price action is being seen in other top cryptocurrencies such as Bitcoin and Ethereum, but Tron is managing to outperform these.

Tron has been outperforming other top cryptocurrencies recently during price increases.

Key Takeaways:

  • Tron exhibiting similar price action to other top cryptocurrencies with a bearish drop earlier in the day followed by bullish movements.
  • Tron is the top performer among all major cryptocurrencies by market cap with a 5% increase over the past 24 hours.
  • Price is currently meeting resistance as it approaches $0.028. $0.028 to $0.031 was an important area for Tron price action during bearish price movements in August.

Latest Tron News:

  • Multiple Crypto Exchanges Start Announcing Support for Tron’s BitTorrent Token (BTT) Airdrop

  • Tron Releases Weekly Report: DApps, TRX Listings, Wallet Progress, and Other Developments

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