For more than a year in the TRX market, buyers have been desperately defending the liquidity price zone of $0.05. As of February 2021, this liquidity zone has come under the control of buyers and still plays a supporting function for the TRX price. The last attempt of sellers to break the $0.05 range took place during the trading week on June 13. During this week, the BTC price was able to update its local low and test the mark of $17,900. Source: https://www.tradingview.com/x/5pTPDovl/ As a result, the $0.05 mark remained and buyers have a new chance to form a new growth wave. Trading volumes during this trading week were also increased, which shows a real struggle in the market, rather than the manipulative antics of big players. Therefore, the formation of a price rebound with the first target of $0.086 is likely to be realized. This target limits the upper trend line of the consolidation triangle. Until buyers can break the $0.086 mark and establish control over the retest – we do not predict the next growth target. It is likely that above the $0.086 TRX price will not have the strength to move. If buyers are not able to break this markup, we will expect the formation of a new fall wave to the mark of $0.025. TRX Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/hh4gXiti/ Analyzing the movement of the TRX price on the daily timeframe, we can see that at around $0.0555, buyers began to slow dow...
