TRON’s TRX is the worst-performing altcoin out of top-20. The short-term technical picture implies that the sell-off may be resumed. TRON (TRX) retreated to the 15th position in the global cryptocurrency rating. The coin has lost nearly 5% of its value in recent 24 hours. At the time of writing, TRX/USD is changing hands at $0.0149, off the intraday low reached at $0.0141. TRON appears to be among of the biggest losers out of top-20 altcoins. TRON Foundation recently performed a massive TRX buyback to finance the project development and support TRX price; however, the coin resumed the sell-off after a short-lived recovery attempt. Read also: TRON Foundation fails to support TRX with massive buyback TRON’s technical picture TRX/USD peaked at $0.0161 on September 3 and resumed the sell-off. The coin smashed several important support levels including $0.0151 and $0.0150 to trade at $0.0141 during early Asian hours. While the price has recovered towards $0.0149 by the time of writing, the short-term trend remains bearish as long as the coin stays under $0.0150. The initial support is created by the recent low at $0.0111, which is the worst level since December 2018. If it is broken, the sell-off may be extended towards $0.0140. On the upside, we will need to see a sustainable move above $0.0150 for the recovery to gain traction with the first aim at $0.0155 created by SMA50 (Simple Moving Average) 4-hour and the middle line of 4-hour Bollinger Band. TRX/USD, 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Facebook fronts the best lobbyists in the battle in win regulatory approval for Libra FX Street 4 years TRON's TRX is the worst-performing altcoin out of top-20. The short-term technical picture implies that the sell-off may be resumed. TRON (TRX) retreated to the 15th position in the global cryptocurrency rating. The coin has lost nearly 5% of its value in recent 24 hours. At the time of writing, TRX/USD is changing hands at $0.0149, off the intraday low reached at $0.0141. TRON appears to be among of the biggest losers out of top-20 altcoins. TRON Foundation recently performed a massive TRX buyback to finance the project development and support TRX price; however, the coin resumed the sell-off… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
