TRON has suffered hard since the fall in May 2021. Further selling pressure on this cryptocurrency can push it down to $0.02 levels. Learn more about the crucial support and resistance levels to watch out for. Breaking all major supports has pushed it to new lows, Failure to breakout from current levels will only be pushing the TRX price to a year low of $0.17.
TRON Technical Analysis
While falling RSI from the oversold zone even at lower levels, indicates there are higher volumes being traded. If TRX price can reach a $0.06 value on a closing basis there will be some positivity but at current levels, it is headed towards a doom event. Although MACD is trading on the positive axis, the current valuation of TRON is indicating a negative sentiment on a broader time frame.