Tron soaks Selling Pressure, will TRX Find support at $0.07?

Tron is relatively firm versus other coins and USDT. As long as TRX steadies above $0.07, prices could recover in a bullish continuation pattern. Past Performance of Tron In a sea of red, Tron prices have been stable in the past trading week. It is at breakeven against the USDT but down five percent in the last 24 hours. Overall, TRX sellers are dominant and in the driving seat in the immediate term. However, from a top-down analysis, Tron prices are still within a bullish breakout formation. Tron Technical Analysis A Doji bar in the daily chart points to a battle between optimistic bulls and domineering bears. Week-to-date, bulls have been successful, unwinding losses. Despite losses in the last 24 hours, buyers stand a chance. Notably, TRXUSDT is within a bullish breakout, presently trading above $0.07. As we advance, traders may take a wait-and-see approach. A close above $0.09, unwinding losses of May 9, confirms buyers of April 21 and May 1. In that case, TRX could float to $0.13. If not, losses below $0.07 could confirm the bears of May 9, triggering more sell-off to $0.06 and even $0.05. What to Expect from TRX? Tron is within a bear continuation pattern. However, bulls have been steady, soaking selling pressure of early this week. TRX buyers stand a chance above $0.07.The post Tron soaks Selling Pressure, will TRX Find support at $0.07? appeared first on Cryptoknowmics-Crypto News and Media Platform.