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Tron

Tron Price Analysis: TRX/USD creeps back above the $0.02-line

  • TRX/USD bulls re-entered the market following a heavily bearish Tuesday.
  • The MACD shows that market momentum has reversed from bullish to bearish.

TRX/USD daily chart

TRX/USD daily chart

TRX/USD bulls re-entered the market following a heavily bearish Tuesday. The price has gone up from $0.0199 to $0.0203. In the process, the price has crept back into the upward channel formation. The Moving Average Convergence/Divergence (MACD) shows that market momentum has reversed from bullish to bearish.

TRX/USD has two strong resistance levels at $0.0205 and $0.0215. On the downside, we have four healthy support levels at $0.0198, $0.0197 (SMA 20), $0.0192 and $0.0182 (SMA 50). 

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