• The long-term outlook is in a downtrend.
• The retest at $0.02000 the previous low is imminent.

TRX/USD Long-term Trend: Bearish

Supply zone: $0.0500, $0.06000, $0.000
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues in a bearish trend. The bears' pressure on the cryptocurrency was strong with the predicted target at the $0.02400 in the demand area attained on 23rd July with a further drop to $0.02184.

The pullback by the bulls ensured a retest of the broken area, pushing the coin up to $0.02460 in the supply area on 24th July. The bears stage a strong comeback as price further drop to $0.02159 in the demand area which was the low of the week.

Minor upward price movement may occur as the week began at $0.02200 but the bears' target at $0.02000 in the demand area remained the next target in the long-term with more candles opened and closed below the two EMAs.

Price is below the two EMA with the signal of the stochastic oscillator points down at 24% an indication of downward momentum in price in the long-term.

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