TRON’s coin returned to the area above the trendline. TRX/USD is vulnerable to further losses if the recovery fails to gain traction. At the time of writing, TRX/USD is changing hands at $0.0156. The coin has lost over 5% in seven 24 days, and the downside momentum is still strong. Currently, TRON takes the 11th place in the global cryptocurrency market rating with the market value of $1.- billion and an average daily trading value of $616 million. TRX/USD, the technical picture After a short-lived collapse, TRX/USD returned to the area above the upside trendline from the recent low of $0.0117. While this is a positive signal, the coin needs to regain ground at least above $0.0168 (Tuesday’s high) to stay within the short-term bullish trend. Once this barrier is out of the way, the upside is likely to gain traction with the next focus on $0.0174. This resistance is created by the upper line of the Bollinger Band on the daily chart. Also, a significant barrier awaits us on approach to $0.0188 (SMA100 (Simple Moving Average) on a daily chart). On the downside, the initial support is created by SMA50 (Simple Moving Average) on a daily chart at $0.0154. It is closely followed by the middle line of the daily Bollinger Band. A sustainable move below this area will allow for an extended downside correction towards Tuesday’s low of $0.0143 and the lower line of the daily Bollinger Band at $0.0130. TRX/USD, daily 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 UK PM Johnson’s spokesman: There remain issues to be resolved FX Street 4 years TRON's coin returned to the area above the trendline. TRX/USD is vulnerable to further losses if the recovery fails to gain traction. At the time of writing, TRX/USD is changing hands at $0.0156. The coin has lost over 5% in seven 24 days, and the downside momentum is still strong. Currently, TRON takes the 11th place in the global cryptocurrency market rating with the market value of $1.- billion and an average daily trading value of $616 million. TRX/USD, the technical picture After a short-lived collapse, TRX/USD returned to the area above the upside trendline from the recent low of… 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.
