Tron (TRX) Price Dips Further Despite Bullish Market, Is A Breakout Coming Soon?

Tron is one blockchain project that has achieved a lot in the digital currency space. When it comes to listings, partnerships, and developments, the crypto project is at the forefront of it all. However, the Tron community has been wondering why the price of Tron (TRX) is not reflecting all of these developments around the project. Tron has secured a lot of partnerships over the years.

The Tron Mainnet launch and the BitTorrent Tron deal got the entire crypto space talking. The bullish Tron price prediction 2019 and TRX price forecasts are also valid. However, TRX USD live price has not impressed members of the community. But this is still likely to happen, as the Tron Foundation still has a lot of plans for the project.

Recent Developments and Achievements – Is Tron the Best Cryptocurrency to Invest in 2019?

The Tron Foundation is always focusing on the positive side of the project. Tron has made a significant level of progress over the past months. The Tron community expected the price of Tron to surge segmentally with the launch of USDT. However, that didn’t happen. Nevertheless, according to a recent announcement by the Tron Foundation, Tron (TRX) is occupying $50 million of the total $2.5 billion USDT in supply. This a great achievement but it didn’t reflect on the price of Tron (TRX).

Recently, the Foundation also announced that the number of Tron accounts is now more than 8.3 million. The Dev team of Tron just completed the testing of the inbuilt message queue. They are also working on MVP (Minimum Viable Product) Dapp. The development of the Tron Instagram Proof of Concept mock-up is still ongoing.

The crypto project just added another language to the list of languages it supports. Tron Foundation just added Vietnamese to the existing 14 languages it supports, making it a total of 15 languages now. They also updated the Tron community on the completion of the second Tron-USDT. The Foundation also talked about completing the BitTorrent airdrop.

All these bullish Tron news and developments are supposed to have a significant impact on the price of Tron (TRX), but that is yet to be seen. Is TRX price waiting for the Tron Mainnet launch date? What is Tron price prediction 2019? Will Tron recover?

Tron Price Analysis – Tron Price Prediction 2019 – Tron Price Forecast

The price of Tron (TRX) recently plunged heavily and broke below its key support level. Tron price corrected lower and plunged below the $0.0260 and $0.0252 support levels. The $0.0245 level served as a strong support level and prevent further losses. The price of Tron later surged higher and traded over the $.0250 level. At the moment, the immediate hurdle of the digital currency is at the $0.0260 level. However, Tron price is still at risk of plunging towards the $0.0245 level and below. But if the price of Tron remains over the $0.0250 level, then it is likely to break over its immediate hurdle in the short-term.

TRON (TRX) Price Today – TRX / USD

Name Price24H (%)
Bitcoin (BTC)
$7,911.00
-0.25%
TRON (TRX)
$0.028869
1.03%

At the time of writing, TRX USD live price is $0.0252 after an increase of less than one percent over the past twenty-four hours. The current market cap of the digital currency is $1.67 billion. The trading volume of Tron (TRX) over the past twenty-four hours is $447.88 million.

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