TRON’s TRX failed to settle above critical resistance. A strong support area below the current price may stop the sell-off. TRX/USD, the 11th largest digital asset, has retreated from the Asian high, though it is still 2% higher from this time on Wednesday. The coin failed to settle above psychological $0.0200 despite numerous attempts to break above this barrier. At the time of writing, TRX/USD is changing hands at $0.0198. TRX/USD, the technical picture On the daily chart, TRX/USD created a double top at $0.0203. This area served as resistance on Wednesday and stopped the upside during early Asian hours. We will need to see a sustainable move above this handle for the upside to gain traction and take the price towards the next barrier created by the upper line of the Bollinger Band at $0.0215. On the downside, TRX/USD has come close to the strong support area of $0.0196. A confluence of technical indicators including the middle lines of the daily and 4-hour Bollinger Bands and SMA50 (Simple Moving Average) 5-hour will make it a hard nut for the bears. Once it is cleared, the sell-off may continue towards the next bearish target at $0.0186 ( the lower line of 4-hour Bollinger Band) and $0.0170 (SMA50 and SMA100 daily). TRX/USD, 1-day 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 Forex Today: AUD/JPY – big loser amid Asia risk-off; a busy calendar ahead FX Street 3 years TRON's TRX failed to settle above critical resistance. A strong support area below the current price may stop the sell-off. TRX/USD, the 11th largest digital asset, has retreated from the Asian high, though it is still 2% higher from this time on Wednesday. The coin failed to settle above psychological $0.0200 despite numerous attempts to break above this barrier. At the time of writing, TRX/USD is changing hands at $0.0198. TRX/USD, the technical picture On the daily chart, TRX/USD created a double top at $0.0203. This area served as resistance on Wednesday and stopped the upside during early Asian hours.… 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.
