TRON (TRX) Up 1.09% Thursday: What's Next?

Thursday, August 11, 2022 01:30 PM | InvestorsObserver Analysts

TRON (TRX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Distributed Software Platform has added 1.09% to $0.07081970869.

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 follows 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 around $0.0686070233744625 and resistance set at $0.0709331691426281. 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.