TL;DR Breakdown TRX fell 9.5 percent after earlier breakout past key resistance at $0.107RSI shows significant bearish divergence with trading volume falling near 18 percentFounder Justin Sun teased for a big news regarding TRX earlier, resulting in massive buyer interest earlier Tron price analysis suggests that the coin has fallen into a retest mode after breaking past the key resistance level at $0.118 earlier in the day. Founder Justin Sun tweeted a teaser regarding a big news for TRX, which resulted in price surging over 17 percent from yesterday. It took the token past its key resistance point at $0.107. However, price the surge was followed by a quick retreat, as Tron entered a retest phase where bearish patterns have emerged. Price has fallen over 10 percent, falling as low as $0.09, with trading volume also dipping 18 percent. At current level, TRX traders might have to wait till price settles near or above resistance before entering the market. Tron’s decline was replicated by the larger cryptocurrency market, as Bitcoin and Altcoins showed distinct reds. Bitcoin fell 2.5 percent down into the $44,000s, whereas Ethereum saw a 5 percent downfall to just above $3,200. Bigger losses were seen with Ripple and Dogecoin, at 6 and 5 percent, respectively. Cardano fell the greatest, around 11 percent down to set at $2.4. Tron price analysis: Cryptocurrency heat map. Source: Coin360 TRX/USD 24-hour chart: Inverted ha...
