TRON (TRX) Falls 0.02%, Underperforms the Crypto Market Monday

Monday, January 30, 2023 09:31 AM | InvestorsObserver Analysts

TRON (TRX) has been relatively less volatile compared to the crypto market. So far Monday, the Distributed Software Platform has dropped 2.17% to $0.06207665906.

InvestorsObserver is giving TRON a 13 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 13, placing it in the bottom 13% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. TRX's low volatility reading is coupled 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 at $0.0610488646507665 and resistance around $0.0624168881059095. 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.