The Tron (TRX) price is showing strength and outperforming Bitcoin. It has surpassed the $0.1220 resistance level and is trading above the 100 simple moving average on the 4-hour chart.
There was a break above a bearish trend line with resistance at $0.120, indicating a positive trend. The price could continue to rise towards the resistance levels of $0.1275 and $0.1320.
If it manages to break above $0.1320, further gains towards $0.1365 and $0.140 are possible. On the downside, initial support is at $0.1220, followed by $0.1195 and $0.1180.
The MACD indicator is showing bullish momentum, and the RSI is above the 50 level, suggesting a positive outlook for TRX.
Source: NEWSBTC
Tron Price Surges Above Resistance, Outperforms Bitcoin with Potential for Further Gains
