TRON coin is yet to find a particular direction to move while the fears of further bearish pull still exist. The coin is trading freely above $0.011 while it keeps wavering its approach. All in all, the coin is failing to hold a constant bullish sentiment.
- TRX coin looks for a bottom; trades below a few support levels
Tron is restlessly tumbling today as it calls for a support level. Today, the coin has attempted to cross the 50% fib level, but the coin has not been able to do so. The coin tested resistance there twice while sharp pullbacks kept the coin away from bullish breakouts.
Tron (TRX) Price News- Declining head and shoulder pattern have taken place; TRON gives no bullish sign so far
It was yesterday when the TRX coin traded with a positive bias, and after a few sharp swings, it reached above $0.0118. A double bottom can be seen there, although a gradual pullback ushered the coin below the 50% fib level before closing. Notably, the coin is way below its yesterday’s opening price.
According to TRX Coin Price Prediction, its price may see a rebound today as contradicting the current sentiment, and also, moving averages have formed a bullish crossover. Here, RSI of the TRX coin is at 39, approaching the oversold zone. Meanwhile, the MACD indicator is exploring the bearish zone. The coin is going through a strong selling pressure despite mildly bullish technicals.
