KEY TAKEAWAYS:

  • The TRX price ended the previous day’s trade at INR 5.41 with a market capitalization of INR 687 Cr and a circulating supply of 1,01,61,06,58,681 TRX
  • The asset could continue ranging high, aiming for a minimum of a 12% uptrend by the end of the present week’s trade

TRON PRICE ANALYSIS:  WILL TRX PRICE MAY HIT INR 10 THIS WEEK OF MAY?

Tron price faced multiple spikes during April’s trade but also was constantly rejected each time. However, after recording a bearish monthly close, the asset jumped drastically with the beginning of May’s trade. The asset ranged high by more than 15% during the first day of May and presently relaxing a bit. 

The asset appears to have absorbed the bullish momentum and after a brief consolidation may resume the uptrend at the earliest. With the next leg up, the price may surge beyond INR 6 initially, and further maintaining the uptrend could continue to head towards a double-digit figure soon. However, the price may face some rejections, yet may hover around INR 10 by the end of May’s trade

TRON PRICE PREDICTION: TRX PRICE TREND COMPARISON WITH XTZ (LAST 30 DAYS)


                                 




Tron and Tezos are popular competitors within the crypto space. Despite the beginning of April’s trade was pretty bearish but while TRX sustained the consolidation and flipped hard, XTZ maintained a strong descending trend. The TRX price after a heavy drop from 26.25%, flipped from the lows around -4.5% and currently swinging around +!6%. 

On the other hand, the XTZ maintained a significant descending trend by facing multiple rejections. At the press time, the XTZ price after getting rejected from -0.78% to as low as -22.12%.


Tron with both the trading pairs ignited April’s trade on a bearish note. And due to this, the price remained consolidated throughout the month. However, a couple of spikes were nullified to some extent, but the bullish momentum prevailed. Therefore. TRX in both the trading pairs is ranging towards the north.

The TRX/USDT after falling from 9.21% to -17.93%, flipped and after a couple of rejections is hovering close to the average levels at +0.25%. On the other hand, the TRX/BTC pair also displayed a similar trend but maintained a significant distance from the USDT pair. The pair flipped from the lows at +1.36% and is currently at +24.32%.