Recently, after controlling the market’s bearish trend recently, the performance of the main cryptocurrency in the market seems to have a good performance. The cryptocurrency overcomes Bithumb’s hacking news and outperforms everyone’s expectations, especially if we compare this incident with the hacking of a smaller Korean exchange that took place on June 10. Negative news of cryptocurrencies often has a big impact on market prices. For example, Tether is used to manipulate the price of bitcoin. This has led to the belief that investigations by US regulators may trigger a price decline.
TRON looks weak as it continues to slide to support at $0.022806. In the recent callback, the price did not even reach the 20-day EMA, indicating that people lack interest in buying. Below $0.03275, the TRX/USD exchange rate can fall to $0.028. We believe that the $0.0228 to $0.028 area will attract long-term buyers.
The first sign of a change in the trend is the price breakout and stay above the 20-day moving average and the downtrend line. We like the positive divergence of RSI, but we should wait for the price confirmation before making any trade. Overall, Tron’s price seems to have been corrected, and now Justin Sun’s cryptocurrency is expected to move up.
TRON price forecast for 2018:
You can view the current price of the cryptocurrency at the tron price chart usd at the end of this article. According to investpr.com, within 5 years, the transaction price is expected to exceed $1. This is why it is also a good investment choice. The main reason for the increase in cryptocurrency plans is that the use of platforms has increased. As more and more developers start using the platform, it will also lead to an appreciation of the cryptocurrency. This is why the cryptocurrency program has increased further.
TRON is a platform that allows you to build and store applications. It also allows you to execute smart contracts based on the blockchain. In addition, it makes it easier for you to publish content and data freely. This ensures that it is actually a very valuable blockchain for the entertainment and media industries. This also means that the application of this particular blockchain is sufficient.
Having said that, it is important to consider cryptocurrencies as investment assets. Many investors are trying to find out if they are currently at the investment level.