Tron (TRX) Price Analysis: Trend Overwhelmingly Negative Below $0.0215

TRON TRX 800x600

Tron price failed to climb above the $0.0235 resistance and declined recently against the US Dollar. TRX price is currently trading in a strong downtrend below the $0.0215 resistance. There is a major bearish trend line forming with resistance near $0.0210 on the 4-hours chart (data feed via Bitfinex). The price is likely to decline further towards the $0.0190 and $0.0175 support levels in the near term. TRON price is trading with a bearish bias against the US Dollar and bitcoin. TRX price could continue to weaken unless it recovers above $0.0215 and $0.0220. Tron Price Analysis This past week, TRON price made another attempt to climb above the $0.0235 resistance against the US Dollar. However, the TRX/USD pair failed to continue higher and started a fresh decline below $0.0230. There was a break below the $0.0220 support and the 55 simple moving average (4-hours). Moreover, the price settled below…

Read the original article here