Tron (TRX) Price Could Face 13% Correction if This Support Is Lost
Tron Investors Stand Strong
Tron’s price could be saved from a bearish outlook with the help of its investors. TRX holders continue to show faith in the asset as they refrain from selling any of their holdings, with approximately 3.1 billion TRX moving into long-term holders’ wallets. The conviction of long-term holders typically anchors the price during a bear market.
TRX Price Prediction: Losses Could Be Prevented
Tron’s price at $0.118 is approaching the crucial support of $0.115, coinciding with the 23.6% Fibonacci Retracement level. A breach of this support could lead to significant corrections. However, if Tron manages to bounce back from this level, a recovery and price regain are more probable.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.