Home TRON Price Analysis: TRX/USD faces bearish correction as price aims for $0.0175-level
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TRON Price Analysis: TRX/USD faces bearish correction as price aims for $0.0175-level

FX Street
Published date:
  • TRX/USD bears stepped after a bullish Tuesday as price trends below the triangle formation.
  • The MACD shows that market momentum is about to reverse from bullish to bearish.

TRX/USD daily chart

TRX/USD daily chart

TRX/USD dropped from $0.0177 to $0.0176 this Wednesday. The is trending below the triangle formation and in the upper half of the 20-day Bollinger Band. The MACD shows that market momentum is about to reverse from bullish to bearish.

Support and Resistance

TRX/USD has strong resistance at $0.0182 and $0.0186. On the downside, healthy support lies at $0.01754, $0.0171 (SMA 20), $0.017 and $0.0167 (SMA 50).

 

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