Tron(TRX) Price Analysis : TRX Again On Vulnerable Spot Breaks Support Of $0.015

• The Chinese cryptocurrency really tried its best yet ended with bearish trading of -2.26%.
• The altcoin did achieve a bullish approach on various levels of the market but in the end, it closed at a bearish momentum.

 As we can see in the 7day chart, Chinese cryptocurrency started with the bearish approach and tried its best to reach $0.0153 twice but gradually failed twice.

The support level of $0.015118 supported altcoin many times after some point it, the overall bearish market force took over the crypto asset. TRX also suffered a massive fall today and mostly stayed in the bearish approach.

TRON(TRX) Technical Analysis

The technical chart shows that for a majority of the time the transaction of TRX was in a rising wedge pattern and also it suffered ups and down due to the effect of the global market.

MACD is attempting to reach a bullish approach, which is a positive factor for the altcoin.

24hrRSI settled in the normal zone after facing an intense bearish approach which could have led it to the oversold region.

24hr CCI ended in a slightly positive note and it did enjoy the overbought region in today’s market.

Resistance level:$0.0153 and $0.0151

Support level:$0.015044

Pratik Chadhokar

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.