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

Hello and welcome to everyone at the Tron fan club. Today we look at our very well-known TRX. Almost a week into the crash we saw on 4th January, the market has lost its collective pace. BTC has recovered and in fact, pushing higher margins, and other tokens which were moving upwards along with BTC (before the dump), have fallen out of line and most of them are stagnating. TRX is no different.

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Before failing miserably TRX was on the brink of surpassing 0.11$. Obviously, that didn't happen. As we saw it bumped at 0.104$ and came back. The 0.104$ price margin was acting as a support barrier.

Then after bouncing from the support barrier of 0.104$, TRX went up to 0.108$. That wasn't all of it but a significant portion regained. Unfortunately, it didn't sustain. We can see a downward trendline which relates to all the highs becoming lower, consistently. It eventually stops at the same place, 0.104$ the support line.

From then on, (5th January), TRX has been struggling to stay at 0.104$ as it has officially gone under that line. In the next few days, we have seen TRX trying to go upwards of 0.104$ but failing to do so. During the process, it has gone as low as 0,101$. As of the writing of this post, TRX has visited this region for the third time in these days. Still, we are hopeful that TRX will recover.

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All Screenshots are taken from Coingecko

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

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