TRON shows bearish actions in the previous sessions.
The pair of TRON/USD is trading at the price level of $0.053 with a decrease of -0.22% in the past 24 hours.
Tron token had a small bounce in late October as the blockchain announced a new collaboration with the Huobi (HT) Heco network. Since then, the market has slowed and reached new lows. TRON recently bounced off its support level, which is a key support level since bears have not been able to force the price of the token below this level for a long time.
TRON on the daily chart shows signs of bullish momentum
Source: TradingView
Unlike any other cryptocurrency, TRON token was also in a downtrend, forming lower highs and lower lows. TRON is presently trading at $0.053 with a loss of -0.22%, as shown on the daily chart. Price is now trading below its 50 and 200 EMA moving averages. (Red line is 50 EMA and the blue line is 200 EMA). Token has recently rebounded from a crucial support level and is now encountering resistance near
We współpracy z: https://www.thecoinrepublic.com/2023/01/02/tron-technical-analysis-bounces-off-the-support-level-but-bears-continue-to-deny-bulls-dominance/
