TRON (TRX) Down 0.08% Wednesday: What's Next?

Wednesday, May 11, 2022 04:19 PM | InvestorsObserver Analysts

TRON (TRX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Distributed Software Platform has dropped 8.06% to $0.07330170816.

InvestorsObserver is giving TRON a 26 Volatility Rank. Find out what this means to you and get the rest of the rankings on TRON!

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Moderately Volatile

InvestorsObserver gives TRON a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. TRX's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

TRON price is in a good position going forward. With support near $0.0658919592827382 and resistance set at $0.0759158735602918. This positions TRON with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.