TRON

Tron Price Analysis — February 4

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After breaking out of the long-sustained bearish channel, TRX has surfaced above the eleven-day ascending trendline as the cryptocurrency inches closer to the $0.0650 resistance. A break above the 4-hour 200 SMA, which coincides with the $0.0650 resistance, should help TRX regain a solid bullish trajectory as we approach “Valentine’s rally.”

The twenty-fifth-largest cryptocurrency briefly slipped back into the ascending channel earlier today following the US NFP reports, although bulls seized control again and pushed the price above $0.0640. It would be interesting to see what the weekend and next week hold for TRX.

Meanwhile, my resistance levels are $0.0650, $0.0680, and $0.0700, and my support levels are $0.0620, $0.0600, and $0.0580.

Total Market Capitalization: $1.66 trillion

Tron Market Capitalization: $6.44 billion

Tron Dominance: 0.35%

Market Rank: #25

Penafian

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