TRON coin is yet to find a particular direction to move while the fears of further bearish pull still exist. The coin is trading freely above $0.011 while it keeps wavering its approach. All in all, the coin is failing to hold a constant bullish sentiment.
- TRX coin looks for a bottom; trades below a few support levels
Tron is restlessly tumbling today as it calls for a support level. Today, the coin has attempted to cross the 50% fib level, but the coin has not been able to do so. The coin tested resistance there twice while sharp pullbacks kept the coin away from bullish breakouts.
- Declining head and shoulder pattern have taken place; TRON gives no bullish sign so far
It was yesterday when the TRX coin traded with a positive bias, and after a few sharp swings, it reached above $0.0118. A double bottom can be seen there, although a gradual pullback ushered the coin below the 50% fib level before closing. Notably, the coin is way below its yesterday’s opening price.
According to TRX Coin Price Prediction, its price may see a rebound today as contradicting the current sentiment, and also, moving averages have formed a bullish crossover. Here, RSI of the TRX coin is at 39, approaching the oversold zone. Meanwhile, the MACD indicator is exploring the bearish zone. The coin is going through a strong selling pressure despite mildly bullish technicals.