Tron price could not break the $0.0680 resistance zone, it started a fresh decline against the US Dollar. Needless to say, TRX price broke many important supports near $0.0650 and $0.0640 .
There was also a close below the $0.0620 support level and the 55 simple moving average (4-hours). The price is now trading below the 50% Fib retracement level.
An immediate support on the downside is near the $0.0560 level. It is near the 61.8% Fib retracement level.
A downside break below the $0.0560 support zone could set the pace for a larger decline.
There is also a key bearish trend line forming with resistance near $0.0640 on the 4-hours chart. A clear upside break above $0.0620 and $0.0650 could open the doors for a sharp increase. The next major resistance is near $0.0700, above which the price could revisit $0.0800.