Tron (TRX) is experiencing a rise in price and is trading above $0.0760 against the US Dollar. It has outperformed Bitcoin and shows potential for a further rally towards the $0.0820 resistance level.
Tron’s price has rebounded from the $0.0720 support zone and is currently trading above $0.0760 and the 100 simple moving average (4 hours). There is a bullish trend line forming with support near $0.0762 on the TRX/USD 4-hour chart.
If the price continues to climb, it could reach resistance levels at $0.080 and $0.0820. A close above the $0.0820 resistance level may lead to even higher gains, with the next major resistance near $0.0850.
However, if TRX fails to clear the $0.080 resistance, a downside correction could occur. Initial support levels are at $0.0760 and $0.0745, with the next major support at $0.0715. Technical indicators such as the 4-hour MACD and RSI suggest a bullish momentum for TRX/USD.
Source: NEWSBTC
