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Bullish Price Prospects for TRON and IOTA Despite Drops [Price Analysis]

Tron AnalysisTron Weekly Chart – Source: Tradingview.com

Both Tron and IOTA have failed to follow up on the increases recorded last week.

Tron increased at the start of the week but failed to overcome $0.0338, an important level expected to provide resistance.

It has since retraced a fraction of the gains it recorded last week but may be forming a higher low leading to a bullish market structure.

The weekly RSI and MACD have been increasing for Tron indicating an increase in the longer-term buying pressure.

The key level to monitor for current price action is $0.029 which the price only briefly managed to maintain valuations above yesterday.

Tron Daily Chart – Source: Tradingview.com

The majority of the declines took place on Thursday for Tron, a day when cryptocurrencies sharply dropped…

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