The article highlights the current downward movement of Tron (TRX) in the crypto market. The failure to overcome the $0.1686 barrier suggests a potential crash below $0.160. The analysis also mentions the possibility of a 10% decline due to the breakdown of a rising wedge pattern. The article discusses the various technical indicators, such as the evening star pattern, negative MACD crossover, and RSI falling below 50%, all indicating increased selling pressure. However, if Tron manages to reverse the trend at the $0.1597 support level, it could lead to an uptrend continuation with resistance levels at $0.1762 and $0.1959. On the other hand, a breakdown below the support trendline could result in a significant drop to $0.1463.
- Content Editor ( thecryptobasic.com )
- 2024-11-05
Will Tron Hold at $0.1597, or Will a Rising Wedge Trigger a Drop to $0.1463?