TRON struggling near the double resistance

As many other altcoins, TRON has been creating series of lower highs and lower lows since May 2018. This series was interrupted in mid-August once the 8-month low was made. The low prompted the coin to make a bounce, although a shallow bounce. The price returned again to re-test the lows and it bounced again. However, the price is still trading below the horizontal resistance line, trend line connecting recent swing highs as well as 100 and 200 DMA. In the previous days, the price failed again at the confluence of resistance as the pressure on bulls gets bigger. At this stage, we expect a drop in price to test the lows again with high chances of a break to the downside.