TRX has been unable to perform like before in the recent times. This was another eventful week for TRX. We have seen the token gain small value and then lose a substantial amount of value back. Today we look back at the price movements of TRX over the last few days.

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TRX has been experiencing a long consolidation period from start of this year, with its price fluctuating in a range. But recently, it lost strength and started going down. While many other cryptocurrencies is experiencing sigficant lose, TRX is pretty stable and slowly losing value. This week was a bad one for TRX. This week started with TRX falling towards the support level of 0.288$.

The week passed with TRX trying to gain strength, bouncing several times on the support level of 0.276$. TRX was just above 0.302$ only seven days ago. After the fallhrough and pullback, it is now hovering above 0.288$. TRX lost 2.6% value in a span of seven days. It is still below the bearish trendline created over the week. So, it needs to hold onto the support below at 0.276$ and break-though the resistance.

All Screenshots are taken from Coingecko

No words from this article should be taken as financial advice.