TRON (TRX) Rises 1.76%, Outperforms the Crypto Market Thursday

Thursday, January 20, 2022 07:13 AM | InvestorsObserver Analysts

TRON (TRX) has been relatively less volatile compared to the crypto market. So far Thursday, the Distributed Software Platform has advanced 1.76% to $0.06968887638.

InvestorsObserver is giving TRON a 7 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 7, placing it in the bottom 7% 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 trading near resistance. With support around $0.066824622868002 and resistance at $0.0698571879848843. This positions 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.