Tron Price Analysis — May 25
Tron retraced from the $0.0830 barrier on Wednesday as the broader crypto market took a bearish turn in the London session. The thirteenth-largest cryptocurrency has now fallen to the $0.0800 support line.
While the overall bias behind TRX is bullish, we could see a bearish decline below the $0.0800 level in the near term, albeit a likely brief one. This is due to the repeated failure of the crypto to breach the $0.0830 since the start of this week.
That said, a sustained break above the $0.0830 barrier in the near term should prompt a bullish rally towards the $0.0900 top.
Meanwhile, my resistance levels are $0.0830, $0.0850, and $0.0880, and my support levels are $0.0800, $0.0780, and $0.0760.
Total Market Capitalization: $1.25 trillion
Tron Market Capitalization: $7.6 billion
Tron Dominance: 0.6%
Market Rank: #13
While the overall bias behind TRX is bullish, we could see a bearish decline below the $0.0800 level in the near term, albeit a likely brief one. This is due to the repeated failure of the crypto to breach the $0.0830 since the start of this week.
That said, a sustained break above the $0.0830 barrier in the near term should prompt a bullish rally towards the $0.0900 top.
Meanwhile, my resistance levels are $0.0830, $0.0850, and $0.0880, and my support levels are $0.0800, $0.0780, and $0.0760.
Total Market Capitalization: $1.25 trillion
Tron Market Capitalization: $7.6 billion
Tron Dominance: 0.6%
Market Rank: #13
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