Tron (TRX) has experienced a decline of 4.56% in the altcoin market over the past week. However, there are indications of a potential turnaround as the price hovers around the $0.22 support level. With a small intraday recovery of 0.73%, TRX could see a bullish reversal towards the $0.25 mark. The recent price decline broke below the 100-day EMA line, but the reaction from the support level suggests a potential comeback. The MACD and signal lines have shown a negative crossover, which could lead to a breakdown, but the morning star pattern and minor bullish divergence in the daily RSI line support the possibility of a rebound. Network activity on the Tron platform has surged by 57% in the past month, indicating a potential demand increase that could drive a price rally. If the rebound continues, TRX could target the $0.30 mark, but a breakdown could send it towards the $0.19 support level.



Other News from Today