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Should You Buy TRON (TRX) Saturday?

Saturday, February 24, 2024 08:16 AM | InvestorsObserver Analysts
Should You Buy TRON (TRX) Saturday?

TRON receives a strong long-term technical score of 73 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, TRX holds a superior long-term technical analysis score than 73% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

Long-Term Technical - 73
InvestorsObserver is giving TRON a 73 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on TRON!

Trading Analysis

The current trading price of $0.140000000 for TRX is $0.0300000 (24.01%) above the coins 100-day moving average of $0.110000000. TRX meanwhile is $0.0800000 (-19614.60%) above its 52-week low of $0.060000000 and $0.00000000 (-7023.82%) under its 52-week high price of $0.140000000. TRON's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 73. The price movement and range of TRX suggest that investors are neutral on the coin at this time. TRON has a total market value of $12,093,692,922.79 with an high average daily volume of $1,705,118,285.78 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, TRX's volume is below its average with $248,886,936.27 exchanged in total. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.


Technical analysis of TRON over the past year results in the crypto receiving a a strong long-term technical score of 73 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on TRON (TRX).

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