- Tron price on Tuesday is seen nursing losses of some 1.5% late in the second half of the session.
- TRX/USD upside is supported by a daily ascending trend line formation.
The Tron price in the latter part of Tuesday’s session was seen nursing losses of some 1.50%. TRX/USD failed to sustain the decent spike to the upside seen on Monday, where the price had initially gained as much as 16%.
TRX/USD price action has been well-supported to the upside by a running ascending trend line, which has been in play since 21st December. In terms of news flow, The Tron Foundation released their latest dApp weekly report. It detailed, that the number of decentralized applications running on the Tron network has managed to increase to over 180 from 0 in the past year.
Technically, as long as the above-mentioned trend line holds, then the price is supported for further upside. This support is currently tracking at $0.02500, a breach would then expose the price to giving up $0.02000. To the upside, resistance remains stubborn
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