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TRON Price Analysis: TRX/USD dips below the psychological 0.020 mark

  • TRON trades nearly 10% lower on Monday as TRX/USD trades nearly 10% lower.
  • The next major support is closer to 0.018 but the 0.019 level need to be taken out first.
TRON Price Analysis: TRX/USD dips below the psychological 0.020 mark
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

TRX/USD Daily Chart

TRON has had a tough session on Monday like all the crypto majors.

The price has taken out the 0.020 psychological level to the downside.

The next support is now at 0.018 and beyond that 0.016.

The volume has picked up slightly on the sell_side but it's not outstanding.

Interestingly, if the price falls further the 0.018 level confluences the 61.8% Fibonacci support zone.

TRON analysis

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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