One of the top 20 coins in the world market, TRON is surrounded by sluggish momentum and continues to trade below $ 0.030. TRON is a completely different platform, and it’s not just about the native TRX coin, there are many projects on its own network connected to it. Not much time has passed since TRON entered the global crypto market, but its weekly performance is a review of the fact that TRX and TRON have worked wonders.
It was only last week when TRON’s blockchain level topped 26.53 million, which is a huge number. In addition, CEO Justin Sun has been appointed to the Editorial Board of Information China Magazine. Last week’s two highlights were just a bang for the entire community to enjoy the returns native crypto will generate.
I wish I could sense some kind of #FUD about Tron, but after doing my research I know that eventually it will succeed and the price will go through the roof. My bags are packed and I sit back and wait for the big bang #TRX
– Kryptoelefant (@elephant_crypto) January 12, 2021
According to the latest TRON forecast, many networkers see a bigger picture that supports TRON and believe that the price will soon explode in the bullish waves, resulting in massive profit bookings.
TRON price analysis
At press time, TRON price continued to trade below $ 0.030 after dropping the ascending trendline due to lack of traction. On the daily chart, the TRX / USD price trend broke the upper 20-day Bollinger Band up until the previous week and slid after the coin failed to prevail. With a long bearish candle intraday, it has now fallen below trading levels below $ 0.030 at $ 0.02910, which also caused the MACD line to move towards a bearish intersection and cross below the signal line.
TRX had risen to $ 0.050 from annual lows it hit when the coin crashed in March 2020, breaking the top 20-day Bollinger Band with a steep high in Q3 last year. Given the assumption that this year will be dedicated to cryptocurrencies and the growth related to what has miraculously hit Bitcoin, it will be a miracle that TRX is reaching the same momentum as expected.