Tron Price Analysis — December 17

TRX maintained a bearish trajectory on Friday, as the price nears its last week’s low of $0.0790. The bearish sentiment comes amid a persistent marketwide sell-off that has plagued the industry for several weeks. Bearish trading volume on TRX remains on the high side, indicating that we could see a bearish break below my descending tripwire. While significantly unlikely, a defense of the $0.0800 line by bulls over the coming hours could stall the bearish momentum allowing bulls enough time to reassemble and push for the $0.0900 mark.

Meanwhile, our resistance levels are $0.0850, $0.0900, and $0.0950, and our support levels are $0.0780, $0.0760, and $0.0740.

Total Market Capitalization: $2.15 trillion

Tron Market Capitalization: $8.21 billion

Tron Dominance: 0.38%

Market Rank: #24