TRON (TRX) Falls 0.01%, Underperforms the Crypto Market Monday

Monday, September 05, 2022 04:53 PM | InvestorsObserver Analysts

TRON (TRX) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has lost 1.18% to $0.06260807114.

InvestorsObserver is giving TRON a 8 Volatility Rank. Find out what this means to you and get the rest of the rankings on TRON!

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Low Volatility

InvestorsObserver gives TRON a low volatility rank of 8, placing it in the bottom 8% of cryptos on the market.

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

TRON price is trading near resistance. With support around $0.0618211638570126 and resistance set at $0.0627656441569622. This leaves TRON with potential selling pressures ahead as it may be getting over extended.

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.