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Tron price started a strong decline after rallying towards the $0.0400 level against the US Dollar.
TRX price is now trading below the $0.3500 level and the 55 simple moving average (4-hours).
There is a major contracting triangle forming with support near $0.0300 on the 4-hours chart (data feed via Bitfinex).
The pair is likely to start a fresh increase as long as it is above $0.0300 and $0.0275.
TRON price is trading in a positive zone above $0.0300 against the US Dollar, similar to bitcoin. TRX price must stay above $0.0275 to start a fresh increase in the near term.
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