#Tron price fails to surpass May 2021 peak levels, encountering a bearish reversal from the $0.1442 resistance.
A 27% pullback ensues, marked by multiple weekly bearish candles, causing the market value to decline to nearly $0.1050.
Despite the downturn, solid demand emerges at the psychological support level of $0.1000, reinforcing a buy-the-dip sentiment for #TRON.
The 61.80% Fibonacci retracement level, coupled with a longstanding support trendline, amplifies the bullish momentum at lower price levels.
A morning star pattern forms, increasing the probability of a bullish reversal.
With buyer activity prevailing above $0.1000, a reversal rally is anticipated, potentially driving $TRX price towards $0.1500.
As per Coingabbar analysis, Conversely, if a reversal rally initiates from the $0.1200 mark, it may lead to a downturn, with prices potentially falling back to $0.1000.
KEY LEVELS :
RESISTANCE LEVEL : $0.14500-$0.18000
SUPPORT LEVEL : $0.10000-$0.05000
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