Tron Foundation has сonfirmed its cooperation with Baidu, a China-based internet giant, with a view to use its cloud solutions.
In case bears increase their momentum there is a probability that the price will experience downtrend movement below the support level of $0.025.
On Tue Oct 9, Tron is going somewhat down, trading at around $0.0256, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
There is a probability for a breakout of the price from the resistance level of $0.028 in case the bulls increase their momentum.
The TRON Foundation has confirmed the efforts made to bolster the renowned P2P file-sharing BitTorrent while turning the system into a token economy.
There is a probability for the uptrend movement this week in case the price breakout to the north from the ascending triangle pattern formed on both daily and 4-Hour charts.
Should bears put in more pressure there is a probability for further reduction of the price towards the support level of $0.015 this week.
Tron may experience a further reduction in price towards the support level of $0.015, more pressure from the bears may break the support level and the support level of $0.0 will be exposed.
There is a possibility for the coin to move down and test the support level of $0.015, should the bears increase their pressure, the support level of $0.015 may not hold.