Tron Price Analysis: TRX/USD defends $0140 support for the second time


  • Tron refreshes the support at $0.014 for the second time in November.
  • Recovery continues to be hampered but sideways trading is ready to take precedence.

Tron has been disintegrating since the highs formed in November at $0.0230. The buyers tried to nurse initial losses in a range between $0.0180 and $0.0200 but failed. The losses continue sharply under $0.014 before finding support marginally above $0.0130.

Meanwhile, TRX/USD is teetering at $0.0141 after bouncing off the short-term support at $0.0140. The 50 SMA caps the upside at $0.0146 ahead of additional resistance at the 100 SMA holding ground at $0.0150.

The Relative Strength Index (RSI) avoided the oversold. If the indicator climbs towards the average, TRX could eventually break the descending triangle resistance and forge an extended trajectory towards $0.0200.

TRX/USD 4-hour chart

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