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- TRX is Struggling to Keep Its Upside Momentum
TRX is Struggling to Keep Its Upside Momentum
Tron (TRX) is dropping by 1.5% to $0.1010 since this week. The decline might be even more as the altcoin dropped by 5.5% to $0.9710 on Monday. So, the TRX is struggling to continue with its uptrend that was established since August 17.
The uptrend support is at $0.1015, while the other strong support is located at $0.1000. If the altcoin fails to consolidate above these levels it may easily dive by 8.0-9.0% towards $0.0900. Excellent Internal metrics of the Tron network might be not enough for the TRX to continue up. The network is the second largest network with the TVL at $8.2 billion and 200 million users. On the other hand, the project is rumored popular among terrorist groups like Hamas or Hezbollah. This might be not true at all, but even the rumors could be enough to undermine the project.
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