TRON has been failing to maintain support levels for over 24 hours now, the coin is down somewhere around 18% since its last moments above the $0.02 psychological levels. In its current state, without the support of the CEO’s bullish tweets, TRX is poised to continue its downfall in the near future.
Today’s TRON price analysis will try to focus on the most realistic resistance and support levels of the coin and the only information that could somehow support its recovery from a bearish trend.
TRON price analysis: Resistance and Support
As already mentioned at the beginning of this article, TRON has been failing to maintain support levels for more than 24 hours now, only experiencing a slight uptick when BTC started its retest at $10,000.
As of right now the latest support that was broken was at $0.0176, therefore, introducing a new one down at $0.071 due to the coin being stuck at $0.0172 right now.
A slight uptick and a retest of the $0.0175 is to be expected, but if Bitcoin fails the $10,000 resistance TRON has the chance to drop down as low as $0.0155 by the end of weekend bears.