Price analysis of TRON and BitTorrent's TRX and BTT following Justin Sun's media fallout

As Justin Sun's reputation continues to suffer from media fallout, the price of TRON and BitTorrent plummeted over the past week.

TRON and BitTorrent have gone through an extreme period of volatility after their CEO, Justin Sun, postponed his lunch with Warren Buffett a few days ahead of the meeting.

Although the TRON Foundation maintained that the sudden decision was made due to health complications, different Chinese media outlets claimed that Sun was allegedly being persecuted in China for a range of illegal activities.

TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones.

While Caixin reported that Justin Sun was under border control the day he postponed the lunch, the 21st Century Business Herald pointed out that he was being accused of facilitating pornography-related transactions through his social media company, Peiwo, alongside a host of other accusations related to the TRON Network.

Even though the accusations were never confirmed, later on, Sun appeared in San Francisco and published a statement on Weibo apologizing to the TRON community and Chinese authorities for "Vulgar hype and marketing behavior." This is after winning a charity auction with a bid of $4.57 million to have lunch with Warren Buffett.

Even more so after BitTorrent's founder Bram Cohen publicly accused Sun of not making the final payment on the TRON Foundation's $140 million acquisition of BitTorrent, Inc.Anybody know if Justin Sun is hard up for cash? He isn't letting the last payment for BitTorrent get out of escrow.

As a result, the support and resistance levels on the 12-hour chart could help identify the different price points that will act as barriers containing the price of BitTorrent from being pushed in either direction.

Since BTT is currently trading around the $0.000780 support area, an increase in volume could push its market valuation upward and the $0.000880, $0.00103, and $0.00113 levels may act as price hurdles on its way up.

Because of the tremendous impact Justin Sun has on the market price of these two cryptocurrencies, trading them while there is still the possibility of negative publicity poses a substantial risk.