- Tron price increase by 26.26% in January.
- The bullish flag pattern breakout likely to pull TRX/USD towards $0.02851.
Tron has been the market’s best performer in the past few weeks. In January, TRX increased 26.26% from $0.019105 to $0.02591. The growth has continued in February in spite of the lower correction from the monthly high at $0.02861.
The entire market has been inactive for a while now. In fact, the majority of the assets are in the red. Very little movements have been recorded in either direction while the market capitalization has remained literally unchanged at $113 billion. Tron market cap has not been able to correct above $2 billion, however, it has stayed above $1.6 billion and even hit highs of $1.8 billion. The trading volumes on the other hand, have been dropping in the last one week to the lows of $174 million, although they have recovered significantly to the current $327 million.
Meanwhile, TRX/USD is seen trading at $0.02689. A double cross has occurred with the 50-day Simple Moving Average (SMA) sliding below the longer term 100-day SMA to show that the bears are gaining traction. However, we expect Tron to find support at $0.02650. The high concentration of sellers will push Tron upwards. A breakout from the bullish flag pattern is approaching and will see the asset attack higher hurdles at $0.0275, $0.0280 and the critical support at $0.02851.
TRX/USD 15-minutes chart 
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