There is absolutely every chance of recovering at least 50% of the global fall in TRON.
TRON has approached a key point, the intersection of two trend lines at the level of 0.06500. After a significant drop since the end of 2021, there is every chance of a breakdown of the trend line of the descending channel with the subsequent formation of an upward trend. The first target of the ascending channel is the resistance level of 0.8000, breaking through which opens the possibility of testing the level of 0.10000, which will be 50% of the last long-term decline. If the level of intersection of two trend lines at 0.6500 holds and TRON remains within the long-term downward channel, the next local support may be 0.05000 with the prospect of testing the level of 0.03500. The level of 0.05000 is a strong historical support, below which large volumes of pending purchases are concentrated; this fact can provide significant support to this level.
TRON has approached a key point, the intersection of two trend lines at the level of 0.06500. After a significant drop since the end of 2021, there is every chance of a breakdown of the trend line of the descending channel with the subsequent formation of an upward trend. The first target of the ascending channel is the resistance level of 0.8000, breaking through which opens the possibility of testing the level of 0.10000, which will be 50% of the last long-term decline. If the level of intersection of two trend lines at 0.6500 holds and TRON remains within the long-term downward channel, the next local support may be 0.05000 with the prospect of testing the level of 0.03500. The level of 0.05000 is a strong historical support, below which large volumes of pending purchases are concentrated; this fact can provide significant support to this level.
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