$TRX Will decline to 0.15$:
For TRX/USDT to decline to $0.15, several factors would need to align. Here's an analysis of the likelihood:
Current Outlook:
1. Key Support Levels:
Immediate Support: $0.1745 — This must break first.
Next Major Support: $0.1640 — Tested previously as a strong support.
Psychological Level: $0.1500 — This is a significant level, and reaching it would require a strong bearish push.
2. Market Sentiment:
The current momentum shows a neutral to slightly bearish bias, but a decline to $0.15 would need a broader market sell-off or significant negative news.
Look for Bitcoin’s price movements, as altcoins often follow its trend.
3. Volume and Trend:
A major drop would require increased selling volume. If trading volume remains average or low, a drop to $0.15 may not happen soon.
Probability:
Short-Term: A decline to $0.15 tonight is unlikely unless there’s a sharp market crash.
Medium-Term: If bearish momentum continues and key supports break, $0.15 could be a target over the coming days.
Conclusion:
Monitor support levels around $0.1745 and $0.1640. Breaking these could open the door for a larger decline toward $0.15, but it’s not immediately likely without strong bearish pressure.
