Tron (TRX) has experienced its first downtrend in seven months, signaling a potential bearish future for the altcoin. The decline in TRX price has had a significant impact on the overall growth of the crypto asset and its network, with a decrease in the number of users on the Tron network. Tron’s price is currently trading at $0.1174, failing to breach the barrier at $0.1219. Technical analysis tools, such as the Ichimoku Cloud, confirm a confirmed downtrend for TRX, potentially leading to further decline and a test of the support level at $0.1123. However, there is also a possibility of TRX stabilizing and observing consolidation before potentially invalidating the bearish thesis. Overall, the future of Tron’s price remains uncertain, and investors should closely monitor the market for any significant developments.
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Tron (TRX) Price Confirms First Downtrend In Seven Months – What’s Next?
