Here is a good article to share with you guys! It gauge the performance of top 5 crytocurrency in the market: EOS, Binance Coin, TRON, Litecoin, Bitcoin.
Speaking of TRX, it says:
TRON (TRX) launched its TRC20 exchange this week. With the exchange going live, it is expected that the liquidity of the TRON network will increase. The 24-hour transaction amount for DApps increased 48 percent compared to the previous week. Similarly, the 24-hour trading volume increased 151 percent over the last week. With these developments, how does the chart pattern look? Is a bottom in sight?
The bulls have been attempting to put a bottom in place for the past few months. The TRX/USD pair consolidated between $0.0183 and $0.0281551 for about three months, before breaking down on Nov. 19. An attempt to climb back into the range failed and the bears are attempting to extend the downtrend. The breakdown gives it a pattern target of $0.00844479. If the decline doesnt stall at this level, then the next support is at $0.00554133.
However, if the bulls defend $0.01089965 and push the price back above $0.0183, the digital currency will indicate a probable trend change. Until then, every pullback will be met with a wave of selling, hence, it is better to wait and watch.
The whole article can be read here:
https://cointelegraph.com/news/top-5-crypto-performers-overview-eos-binance-coin-tron-litecoin-bitcoin