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.

Source: Coin360

 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.

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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

Source: Tradingview

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

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Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.

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