TRON (TRX) Rises 1.27%, Outperforms the Crypto Market Tuesday

Tuesday, August 16, 2022 02:39 PM | InvestorsObserver Analysts

TRON (TRX) has been relatively less volatile compared to the crypto market. So far Tuesday, the Distributed Software Platform has gained 1.27% to $0.0697326212.

InvestorsObserver is giving TRON a 10 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 10, placing it in the bottom 10% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. TRX's low volatility reading is paired 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 in a favorable position going forward. With support near $0.0678246708113771 and resistance at $0.0704698280889612. This leaves 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.