Tron price rallied over 15% and it surpassed the key $0.0220 resistance zone against the US Dollar. TRX could correct lower in the short term, but the price action suggests more gains.
- Tron price is gaining bullish momentum above the $0.0220 resistance against the US dollar.
- The price traded to a new weekly high at $0.0243 and it is currently correcting lower.
- There is a crucial bullish trend line forming with support near $0.0210 on the 4-hours chart of the TRX/USD pair (data source from Bitfinex).
- The pair is likely to continue higher towards $0.0250 or even $0.0265 as long as it is above $0.0218.
Tron Price Starts Fresh Increase
After forming a strong support base above $0.0200, tron price started a fresh increase against the US Dollar. TRX broke a couple of important resistances near $0.0218 to move into a positive zone.
The upward move gained strength above the $0.0220 level and the 100 simple moving average (4-hours). It jumped over 15% and traded to a new weekly high at $0.0243. At the moment, the price is consolidating gains and trading near the $0.0232…