$0.268: Tron TRX Last Stand?
2024-12-16
Category: None

Tron is currently trading below the resistance at $0.297, the area characterised by slow and choppy price action. 

1. A bounce from the nearby support level at $0.268 could suggest renewed buying interest, setting the stage for a potential move toward $0.297 (Dashed Green Projection). 

2. A break and close above this level would indicate bullish strength, opening the path toward the next resistance at $0.339, followed by $0.377, providing room for a broader recovery (Solid Green Projection).

3. Conversely, if TRX fails to hold $0.268, it would indicate increasing bearish momentum, likely triggering a decline toward the key support zone at $0.226 (Red Projection).