RON's price has seen a 12.65% decline. Despite this, buyers up
Over the past two weeks, TRON's price has seen a 12.65% decline. Despite this, buyers still maintain an advantage as the price remains above the 50-day EMA and the crucial support level of $0.1438. This current pullback might be a cooling-off period for TRX following a significant rally in August, driven by the launch of the Sunpump memecoin generator.
Such retracement levels are often viewed as healthy during established uptrends, allowing buyers to regain bullish momentum. If the support at $0.1438 holds, TRON's price could rebound and challenge the $0.155 resistance, potentially rallying to $0.17 and beyond.
On the downside, if sellers manage to breach the 50-day EMA, they might target breaking the critical support at $0.1438. Should this support level fail, the price could drop further to around $0.126.
Such retracement levels are often viewed as healthy during established uptrends, allowing buyers to regain bullish momentum. If the support at $0.1438 holds, TRON's price could rebound and challenge the $0.155 resistance, potentially rallying to $0.17 and beyond.
On the downside, if sellers manage to breach the 50-day EMA, they might target breaking the critical support at $0.1438. Should this support level fail, the price could drop further to around $0.126.
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