Tron Price Analysis: TRX/BTC Testing a Make or Break Level

Tron is trending lower but is currently testing a significant upside barrier at the descending trend line on the 4-hour time frame. This lines up with a former support area against bitcoin, and a break higher could lead to a longer-term reversal.

Applying the Fibonacci retracement tool on the latest swing high and low shows that this is around the 50% correction level and the 200 SMA. The 100 SMA is below the longer-term moving average, though, so the path of least resistance is still to the...

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