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Tron Forecast – This coin is one of the most bullish cryptocurrencies!

 


There is a possibility that Tron price has formed a parent symmetrical triangle. However, the upper trendline is not yet confirmed, so caution should be exercised now. The price may soon test the trendline and confirm it as resistance. As a result, the Tron price could initially lose value and possibly fall towards the bottom of the triangle. Should the price do fall to the bottom of the triangle, we expect the price to break out bullishly after all. If the Bitcoin price continues to perform bullishly, it could also be that the trend line is not confirmed at all and the triangle is invalid.

If Tron price fails to respect the upper trend line of the possible triangle, which we cannot rule out, the price could rally to the next resistance. This resistance sits around $0.1174. As long as the Tron price has not reached this resistance, we do not expect a long-lasting recovery. Instead, we anticipate that the price has a few more positive weeks ahead of it before it could start correcting.

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