Ken Chigbo
Independent Analyst
- TRX/USD on Tuesday holding more ground in comparison to its peers, within a sea of red.
- Justin Sun continues to post exciting updates keeping the community informed, via his Twitter feed.
- Tron are in a collaboration set to launch a new TRX DEX Trading Platform imminently.
Tron price on Tuesday trading with marginal losses of just 1.2% trading at $0.01328 at the time of writing, well into the second half of the day. Some of its peers across this sea of red within the cryptocurrency market are nursing steep losses. A bullish flag pattern can be observed via the daily time frame for TRX/USD.
Since the big surge of over 50% between 27-28th November, TRX/USD has been cooling ever so gradually. The Tron foundation never appear to be quiet in terms of news flow. Most recently on 9th December, Justin Sun tweeted, “TRX.market and tronscan.org will jointly launch a new #TRX dex trading platform with powerful engine in 48 hours. New dex supports TRC 10 and 20 together! Looking forward to seeing it!”
As mentioned, TRX/USD is holding its ground fairly well in this strong bear market of late. Immediate resistance is eyed at $0.01400, looking to the downside, support can currently be seen around $0.01200. Both levels are the upper and lower part of the bull flag seen via the daily.
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