TRON (TRX), the altcoin, had successfully made its mark in the market since its inception as a reliable and rapidly growing crypto coin. In the last few months, all the coins have frequently been becoming victim to heavy berries blows, and TRX is no more an exception.
In fact, being one of the most popular altcoins, Tron has shown the utmost strength against bears while maintaining a safe distance with crucial support levels. However, a few dips below the threshold levels have occurred here and there.
While the monthly price path of the coin seems bearish, the one-day price trend shows some positive signs with a faded bullish bias. While Bitcoin is trying to see some breakouts above $9500, Tron is testing support at $0.0149.
Today seems all about correction, and on the other hand, yesterday went on quite a bullish note. The TRX price rose from $0.0145 to hit the price mark at $0.0153. Here, the price escalation was 5.61%. Right now, TRON price is approaching 61.80% fib level with a bit of bearish vibe in it. The currency may find a support level to halt its downward rally.
All the technical indicators are in the negative zone, while the TRX coin is about to cross the 200-Day EMA line with a bearish bias. The MACD indicator is on the downside with its MACD line on the downside.