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TRX price declines despite Tron DAO joining Japan Cryptoasset Business Association

TRX, the ticker for the Tron DAO ecosystem, has continued its downtrend after breaking from a week-long consolidation, joining the rest of the altcoin community that is grinding south and following in Bitcoin’s (BTC) lacklustre moves. As top market capitalization tokens show a lack of volatility, the reduced liquidity has spelled open season for manipulators, and now investors are bracing for wilder moves ahead. TRX price has extended its downtrend after breaking the $0.0767 support and is now testing the defense line provided by the ascending trendline at $0.0746. The Tron DAO ecosystem has recently tapped into one of the most vigorous and robust financial systems, Japan.


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