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TRON (TRX) Trades at $0.3303, Below CoinDCX’s Weekly Target

The token was down 0.46% in a Tuesday morning snapshot. CoinDCX projected a range of $0.3290 to $0.3370 for Oct. 19-25.

Updated 1 min read
A passerby checks a phone outside an office building in Mumbai, India. / EconoTimes.ai
A passerby checks a phone outside an office building in Mumbai, India. / EconoTimes.ai

TRON (TRX) traded at about $0.3303 Tuesday, down 0.46% over 24 hours and below CoinDCX’s $0.3345 weekly target for the token through Oct. 25.

At 10:06 a.m. ET (14:06 UTC), the market snapshot put TRX at $0.3303178. CoinDCX projected a range of $0.3290 to $0.3370 for Oct. 19-25. Its target and range describe possible prices, not results recorded in the snapshot.

CoinDCX used $0.33243 as its Oct. 19 reference price for technical indicators. The $0.33243 reference was lower than the 50-day exponential moving average (EMA), at $0.33422, but higher than the 200-day EMA, at $0.32812. Those readings are from Oct. 19, a day before the market snapshot.

For October, CoinDCX projects $0.3360, with support at $0.3265 and resistance at $0.3400. An earlier EconoTimes technical map also identified $0.3400 as resistance. CoinDCX compared the setup with recoveries after dips below the 200-day EMA in June, July and September.

CoinDCX’s forecast links a weekly close above $0.3370 with the $0.3400 level. A move below $0.3290 would point toward $0.3265 in its analysis. The forecast window ends Oct. 25.

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