What you should know about the threat to Tron’s price action
ambcrypto.comDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Tron’s gains have been measured over the past month, with its ROI sitting at a respectable 13.5%. While those numbers pale in comparison with smart contract operator Solana’s surge of over 61%, Tron has bested the likes of Cardano and Polkadot.
However, the ‘Ethereum Killer’ did face some mid-long term woes. A potential double top at $0.1229 and a move above the value high zone could invite a dangerous sell-off. At the time of writing, TRX was trading at $0.1129, up by 1.3% over the last 24 hours.
Source: TRX/USD, TradingView
Tron’s up-channel has been active since late September, with six highs formed at the upper
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