Tron (TRX) Price Could Consolidate Before Fresh Increase

  • Tron price corrected lower sharply after setting a top near the $0.0320 level against the US Dollar.
  • TRX declined below the $0.0292 support and recently tested the key $0.0255 support area.
  • There is a major bearish trend line in place with resistance at $0.0285 on the 4-hours chart (data feed via Bitfinex).
  • The price remains well supported on dips near the $0.0255 and $0.0248 support levels.

TRON price declined recently and tested key supports against the US Dollar and bitcoin. TRX could trade in a range for a few sessions before it could recover above $0.0285 and $0.0292.

Tron Price Analysis

This past week, TRON price climbed nicely above the $0.0300 level against the US Dollar. The TRX/USD pair traded close to the $0.0320 level before sellers appeared. A swing high was formed at $0.0320 before the price started a sharp downside correction. The price declined below the $0.0300 and $0.0292 supports to move into a short term bearish zone. Later, there was a break below the $0.0285…

Read Full Story : Live Bitcoin News

2019-04-16 09:00:00

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