Tron Price Analysis: TRX Drop to 2.5 Cents Imminent

Tron price fall 5.1 percent but is still bullishDavid Labhart joins the Tron Foundation as Head of ComplianceBear volumes high and above average–61 million versus 23 millionIn light of today’s candlestick arrangement and level of participation, TRX is likely to drop to 2.5 cents. However, should it found support; the bounce will see TRX clear 3 cents as bulls march to 4 cents by mid-February.Tron Price AnalysisOverviewAt ninth, TRX market cap stands at $1.708 billion and $300 million away from flipping Litecoin as the eighth most valuable coin. Other than that, TRX is down 5.1 percent in the last day but up 32 percent in the previous week meaning the currency is one of the top performers. In line with our TRX/USD price analysis, our bullish stance is still valid, and as long as prices are above 2.5 cents, every low should be a buying opportunity. Targets will remain as…

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