TRON (TRX) Rises 0.94%, Outperforms the Crypto Market Saturday

Saturday, April 01, 2023 10:35 AM | InvestorsObserver Analysts

TRON (TRX) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Distributed Software Platform has advanced 0.94% to $0.06654113701.

InvestorsObserver is giving TRON a 16 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 16, placing it in the bottom 16% 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 pairs 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 above resistance. With support at $0.0649124166356754 and resistance set at $0.0665160796033572. This leaves TRON out of range and potentially in a volatile position if the rally burns out.

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.