TRON was at its peak during the mid of April, after which it fell constantly and reached its support line of $0.44. After July end, TRX price rose but couldn’t reach its previous high and formed a new peak at $0.12. The price recently traversed the up-trending line and weakened while reaching its swing low of $0.07.
From December 3rd to December 5th, there was a formation of bearish candles continuously, and the price fell significantly but couldn’t cross the support line of $0.74. This price movement can be an opportunity for bullish investors.
Although the price was on its path to descend, it took a turnaround. There is a slight price movement currently, with price moving in sideways momentum.
In the hourly as well as the weekly chart, the technical parameters are currently neutral. The bulls should wait for a while before entering the trade. The upcoming price flow would show how the price could move in the future, whether in favor of bulls or bears.