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Tron (TRX) Price Analysis

BITFINEX:TRXUSD   TRON / Dollar
Currently ranked number 9 by market cap, Tron’s entire circulating supply is valued at $1,610,975,627. The coin is trading at 0.024 against the US Dollar having lost about 3.26% over the last 7 days. After failing to break $0.028 resistance Tron has been trading almost sideways, albeit with a bearish bias, and now below a key bullish trend line .

For the time being, the coin lacks the strength to break 0.028 resistance which means it will probably move lower until bullish pressure builds back up. Support is located between 0.020 and 0.018 and it’s very likely to be reached in a week’s time.
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