Moving Charts: TRX Value Per Coin Analysis | 10% To @tron-fan-club

Hello and welcome to everyone at the Tron fan club. Today we take a look at TRX and its price movements. Very recently the market has been relatively stable and is actually gaining some pace. Trx has been following the mass trend and the result is reflected in the chart. And as usual, we start from a week ago.

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For the last few weeks, TRX has been pretty stable. TRX continued this movement this week also. The week started with TRX trying to break the resistance level of 0.106$. TRX then fell back to 0.102$ level and quickly bounced from there.

After the bounce, TRX gradually went back to the level of 0.106$ again. It hovered below this level for a day. It seemed like TRX was gathering strength. And it really broke that resistance ultimately. After falling a little bit, it started going up with full strength.

The bullish trendline that was formed was soon lost by getting rejected at the 0.109$ level. After oscillating below that level for a while, TRX started to fall and it was sharp also. So, TRX needs to hold onto the support zone of 0.102$. Losing this support would push TRX to the lower zones. TRX is up 1.4% in a week, which is not that bad.

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All Screenshots are taken from Binance

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My prediction is that we break the resistance level after a little bit of consolidating. But it is important that TRX confirm the break-out with a successful retest. On the other hand, losing the support would be bad for TRX.

No words from this article should be taken as financial advice.

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