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…