
April 11th, 2025
In case bears increase their momentum there is a probability that the price will experience downtrend movement below the support level of $0.025.
On Tue Oct 9, Tron is going somewhat down, trading at around $0.0256, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
There is a probability for a breakout of the price from the resistance level of $0.028 in case the bulls increase their momentum.
The TRON Foundation has confirmed the efforts made to bolster the renowned P2P file-sharing BitTorrent while turning the system into a token economy.
There is a probability for the uptrend movement this week in case the price breakout to the north from the ascending triangle pattern formed on both daily and 4-Hour charts.
Should bears put in more pressure there is a probability for further reduction of the price towards the support level of $0.015 this week.
Tron may experience a further reduction in price towards the support level of $0.015, more pressure from the bears may break the support level and the support level of $0.0 will be exposed.
There is a possibility for the coin to move down and test the support level of $0.015, should the bears increase their pressure, the support level of $0.015 may not hold.
There is a probability for the price to retest the support level of $0.024 before making uptrend movement towards the resistance level of $0.031.
There is a tendency for the price to go up within the next several trading days, by making a break out towards the North at $0.024.
There is probability that the price might go down within the next several trading days, by making a break out towards the south at $0.015.
TRXUSD continues its bearish movement in the long-term outlook, there should be caution and patience in taking positions as the price could reverse its movement upward in case there is enough bullish pressure.
The latest recession in the cryptocurrency market has caused a sharp fall in the valuations of several altcoins, many of which are on the verge to get extinct.
TRXUSD continues experiencing persistent bearish movements; enough buying pressure needs to be generated, before a meaningful trend reversal can occur.
Tether has issued another 250 million of its eponymous tokens and has become one of the world’s 10 largest cryptocurrencies.