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TRX price recovers but fails to maintain an upward momentum – TRON Price News

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

The price of TRX reached at $0.0200 before retreating to $0.0198 today. TRX recovered more than 2% from yesterday as it traded between $0.0195-$0.0198 during the last few days. However, it is unlikely that the price will surge more in the short term.

The 11th largest cryptocurrency recovered 2% today, but it failed to maintain any upward momentum. TRX rose to $0.0200 today, which was a major resistance level for the cryptocurrency. But the price failed to sustain at that level as it dropped to $0.00198 at the time of writing.

On the daily chart, $0.0200 sets a strong psychological resistance level for TRX. According to trend analysts, the longer the price stays below this level, the less likely it is to see any positive momentum in the short term.

If the TRX manages to break above the resistance level soon, then the price can be expected to surge, and the next target would be at $0.0224. Currently, TRX is the 11th largest cryptocurrency with the market cap of $1,311,907,030 and a 24-hour trading volume of $942,072,535.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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