- Tron price failed to break the $0.0240 resistance and declined recently against the US Dollar.
- TRX is about to settle below the $0.0230 support and the 55 simple moving average (4-hours).
- There was a break below a key bullish trend line with support at $0.0232 on the 4-hours chart (data feed via Bitfinex).
- The price is currently at a risk of more losses below the $0.0225 and $0.0222 support levels.
TRON price is trading in a bearish zone below key supports against the US Dollar and Bitcoin. TRX is likely to accelerate losses towards $0.0220 as long as it is below $0.0240.
Tron Price Analysis
This past week, there was a slow and steady rise in TRON price from the $0.0220 support against the US Dollar. The TRX/USD pair gained traction above the $0.0225 and $0.0230 resistance levels. There was also a close above the $0.0230 resistance and the 55 simple moving average (4-hours). However, the price failed to clear the main resistance at $0.0240. A swing high was formed at $0.0240 and…
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