The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/tron-price-analysis-despite-the-10-drop-heres-why-trx-prices-can-surge-above-0-10/">Tron Price Analysis: Despite The 10% Drop, Here’s Why TRX Prices Can Surge Above $0.10</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Maintaining an upward trend from November 2022, Tron coin price maintains a year-to-date growth of 55%. Moreover, the upward journey creates a support trendline with the formation of higher lows.&nbsp; 
Currently, the rising <a href="https://coinpedia.org/price-prediction/trx-tron-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">TRX prices</a> face constant rejection above $0.080 due to excessive selling pressure.&nbsp; 
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 <img decoding="async" src="https://lh5.googleusercontent.com/MljVJMpo99P38hJTBf5euuTcwZDpOxwRkjVnlwrccOfsbKZbGIDg10lK10qOPNLLqy-UlbzVArtkZCvc4sESwLr81y3v_v4-mO6YJT1Hq43Ug2xHsbGX0g6L0RB1KhO4WMb9NYMpKEr2O48t6wCi7mM" alt=""> 
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The recent 22% jump in TRX prices led to a rising channel formation in the daily chart. It comes to a bearish end due to excessive selling pressure at $0.085. With the 10% drop within four days, the TRX prices are back at $076 coinciding with the 23.60% Fibonacci level.&nbsp; 
Over the past 48 hours, the TRX prices are up by 2.02%, finding a cushion at the 23.60% Fibonacci level. However, the excessive selling pressure projects a high possibility of TRX price falling to the ascending trendline close to the 38.20% Fibonacci level at $0.071. 
If the TRX buyers manage to hold off the selling spree at $0.076, a bullish reversal can challenge the $0.085 overhead ceiling. On an optimistic side note, the $0.085 breakout will unleash the trap momentum to reach the psychological mark of $0.10. 
On the flip side, the $0.076 breakdown will challenge the bullish dominance of the support trendline near $0.071. In case of a bearish spree, the TRX prices can plunge to the 50% Fibonacci level at $0.067 or at $0.063 coinciding with the 61.80% Fibonacci level.&nbsp;

Tron Price Analysis: Despite The 10% Drop, Here’s Why TRX Prices Can Surge Above $0.10

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