TRON’s coin is on the recovery path on Monday. TRX/USD is still locked in a long-term downside trend. At the time of writing, TRX/USD is changing hands at $0.0166. The coin has gained over 4.5% in seven 24 days, and the upside momentum is still strong. Currently, TRON takes 11th place in the global cryptocurrency market rating with a market value of $1.1 billion and an average daily trading value of $638 million. TRX/USD, the technical picture Looking technically, TRX/USD is still below the recent high of $0.0175. We will need to see a sustainable move above this handle for the upside to gain traction and allow for a move towards the next critical resistance of $0.0192. This barrier is created by SMA100 (Simple Moving Average) on a daily chart. Once it is out of the way, psychological $0.02 will come into focus. On the downside, the initial support is created by SMA50 (Simple Moving Average) on a daily chart at $0.0155. A sustainable move below this handle will allow for an extended correction towards the short-term upside trendline at $0.0152. Once it is out of the way, the sell-off is likely to gain traction with the next focus on $0.0140. 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 USD/CHF expected to struggle in the 1.0000/28 band – Commerzbank FX Street 4 years TRON's coin is on the recovery path on Monday. TRX/USD is still locked in a long-term downside trend. At the time of writing, TRX/USD is changing hands at $0.0166. The coin has gained over 4.5% in seven 24 days, and the upside momentum is still strong. Currently, TRON takes 11th place in the global cryptocurrency market rating with a market value of $1.1 billion and an average daily trading value of $638 million. TRX/USD, the technical picture Looking technically, TRX/USD is still below the recent high of $0.0175. We will need to see a sustainable move above this handle for… 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.
