Tron

On Friday, January 24th, the Tron is declining, trading at $0.0159.

On D1, the last wave of declining after the attempted tests of the support area between $0.0110 and $0.0117 changed for an impulse of growth that has managed to break out the resistance line of the mid-term channel. Such a situation may mean the beginning of a new uptrend forming. The nearest goal of the growth will be the local fractal $0.0230 but only after a breakout of $0.0185.

On the MACD, the lines are getting ready to cross 0 to the positive area, which supports the idea of an uptrend forming. However, if the crossing fails, and a Black Cross appears on the indicator, the quotations may fall to $. 0085.

Tron D1

On H4, we can see a slight decline as a correction of the previous impulse of growth. The quotations are aimed at reaching 50.0% ($0.0155) and 61.8% ($0.0148) Fibo. It means, near these marks we may expect a bounce to form a new impulse of growth.

Tron h4

The Tron Foundation is ready to launch its own decentralized token. According to Justin Sun, the stability of…

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Source: https://themerkle.com/tron-price-analysis-for-january-24th-trx-falling/