Ron’s TRX fell 2.84% yesterday. TRX had also dropped 6.20% on Tuesday. Tron’s TRX is being traded at $ 0.02686 at the time of writing. It is stated that one of the main factors behind the decline is the lawsuit filed against Ripple.
Following the wider market, Tron’s TRX rose to $ 0.027991 in the early morning hours before declining.
Trailing behind the initial major resistance level of $ 0.03001, Tron’s TRX dropped to a late morning low of $ 0.02582.
Finding support at $ 0.02576 at the first major support level, Tron’s TRX revisited the $ 0.0274 levels before declining.
At the time of writing, Tron’s TRX fell 1% to $ 0.026765.
Tron’s TRX left the main support and resistance levels that were initially untested.
What is expected for the coming days?
Tron’s TRX will need to push back over the $ 0.02689 pivot to support a run at the initial major resistance level of $ 0.02796.
However, it is stated that wider market support will be needed for Tron’s TRX to return to $ 0.0279 levels.
Except for an extended crypto rally, the first major resistance level is seen at Wednesday’s high of $ 0.027991.
In the event of an extended rally, Tron’s TRX could test the second major resistance level at $ 0.02906 and the 23.6% FIB level at $ 0.0291.
Failure to return to the $ 0.02689 pivot level will bring the first major support level to the agenda at $ 0.02579.
Initial Major Support Level: $ 0.02579.
Initial Major Resistance Level: $ 0.02796.