Tron (TRX) price is experiencing a significant upward trend in the market and has surpassed the crucial resistance level of $0.120 against the US Dollar. It is currently outperforming Bitcoin and has the potential to continue rising beyond the $0.140 mark.
The price of this crypto is currently trading above $0.1350 and the 100 simple moving average on the 4-hour chart. There is a bullish trend line forming with support at $0.1382. If the price continues to climb, it could reach levels around $0.165 or even $0.180.
However, if there is a downside correction, initial support is expected near $0.1380 and $0.1350, followed by $0.1320. The MACD indicator and RSI are both indicating bullish momentum for TRX/USD.
Currently, Tron is trading above $0.1350 and comfortably positioned above the 100 simple moving average on the 4-hour chart. Additionally, there is a notable bullish trend line taking shape, providing support at approximately $0.1382 for the TRX/USD pair, as per data sourced from Kraken.
Source: NEWSBTC
