Home Tron Price Analysis: TRX/USD bulls penetrating vital resistance trend line, key to great upside
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Tron Price Analysis: TRX/USD bulls penetrating vital resistance trend line, key to great upside

  • Tron price on Wednesday is seen holding minor gains of some 1% in the second half of the session.
  • TRX/USD bulls are currently penetrating a daily descending trend line of resistance.

 

The Tron price on Wednesday was seen trading up with gains of 1%, which is seen in the second part of the session. TRX/USD has not done too much over the past few sessions, however it does appear the bulls are looking for a big breakout north.

TRX/USD as mentioned above, has been somewhat muted, but still managed to remain elevated. The bulls are currently testing a key daily area of resistance. This can be seen via a descending trend line, which has been in play since 9th January.

In terms of technicals, the cap is currently tracking at $0.02800-0.02900, should the bulls manage to break this down, it will likely invite further buying pressure. Eyes will be on the $0.03000 territory being conquered. Further north, there isn’t too much in the way of a $0.04000 reclaim, the price last traded here back in July 2018.

 

TRX/USD daily chart

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