Tron Price Analysis: Justin Sun continues to report positive developments, but price upside limited for TRX/USD

TRX/USD is trading marginally in positive territory on Friday, gains of just 0.9%.
Tron foundation continue to report strong fundamental updates, but bearish market conditions limiting any TRX price upside.

Ken Chigbo Independent Analyst

The Tron price on Friday is trading up with very minor gains of some 0.9%, heading into the second half of the session. TRX/USD has been forced to retreat down within a known demand area, in attempt to re-find buyers.

Tron founder, Justin Sun, has certainly been busy of late with the updates surrounding the foundation. Over the festive period; they saw their mainnet accounts surpass the 1 million mark and they announced being listed on VenaPi.

At the time of writing, TRX/USD is trading within a demand zone, an area that supported the price from August up to November.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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