<em><strong>Tron prices are still bullish despite TRX dumping to retest $0.08. Meanwhile, Cardano would have more room for upsides if ADA holds above $1.20.</strong></em>
<h2>Tron (TRX)</h2>
The smart contracting platform is preferred by gambling dApps using TRX as the primary currency.
<h3>Past Performance of TRX</h3>
It has been a rough <a href="https://www.cryptoknowmics.com/news/tron-trx-and-pancakeswap-cake-technical-analysis-sellers-rampant/">two weeks</a> for Tron coin prices. Currently, the TRX crypto is down roughly 30 percent from recent peaks, under-performing versus the greenback.
<h3>Day-Ahead and what to Expect</h3>
The path of the least resistance remains northwards from a top-down approach despite recent losses.

As per the Tron technical analysis of the daily chart, TRXUSDT prices are under pressure, trending above the $0.08 level.

Based on this, TRX bulls must sustain prices above this mark for the uptrend of early Q3 2021 to be valid.
<h3>Tron Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/Tron-Daily-Chart-for-December-16.png"><img class="alignnone size-full wp-image-224279" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/Tron-Daily-Chart-for-December-16.png" alt="Tron Daily Chart for December 16" width="1366" height="768" /></a>

Even though Tron token sellers are in control, reading from the candlestick arrangement in the daily chart, there is encouraging resilience.

TRXUSDT prices are steady above $0.08 though the December 4 bear candlestick defines short-term price action.

A close above $0.095 would ignite demand, possibly lifting the TRX crypto back to $0.12 in a buy trend continuation pattern.

Conversely, losses below $0.08 may trigger a sell-off, forcing TRXUSDT to $0.065.
<h2>Cardano (ADA)</h2>
The smart contracting platform competes with Ethereum using ADA as the primary utility.
<h3>Past Performance of ADA</h3>
Cardano coin buyers have had a torrid <a href="https://www.cryptoknowmics.com/news/ada-technical-analysis-watch-for-support-levels-and-hodl-1-372/">few weeks</a> as per the ADA technical analysis of the daily chart.

Reading from the daily chart, ADA crypto prices are down 58 percent from all-time highs.
<h3>Day-Ahead and what to Expect</h3>
The ADA coin candlestick arrangement of the daily chart points to sellers.

As it is, ADA prices are steadying above $1.20 and, most importantly, $1—the psychological number.

Nonetheless, the inability of Cardano crypto buyers to pump above the middle BB favors sellers in the short term.
<h3>Cardano Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/Cardano-Daily-Chart-for-December-16.png"><img class="alignnone size-full wp-image-224278" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/Cardano-Daily-Chart-for-December-16.png" alt="Cardano Daily Chart for December 16" width="1366" height="768" /></a>

Bullish winds may start to blow for Cardano, deducing from the developments in the daily chart.

Provided ADA prices steady above $1.20, rejecting lower lows steaming from the December 4 bear candlestick, buyers have a chance.

While aggressive traders may load on dips, a confirmation above $1.40 and ideally $1.60 diffusing the selling pressure of December 4 is necessary.

Tron (TRX) and Cardano (ADA) Technical Analysis: Bears Slowing Down

Tron prices are still bullish despite TRX dumping to retest $0.08. Meanwhile, Cardano would have more room for upsides if ADA holds above $1.20.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

Tron (TRX) and Cardano (ADA) Technical Analysis: Bears Slowing Down

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