Tron Price Analysis: TRX/USD bulls charging higher within fast channel north

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  • Tron price is seen holding gains on Wednesday of some 1.7% in the second half of the session.
  • TRX/USD bulls are charging higher within a ascending channel formation.

 

The Tron price on Wednesday, is seen holding decent gains of some 1.70% in the second half of the session. TRX/USD is currently running at consecutive daily gains, the past going on three sessions now, the bulls have seen green closures.

TRX/USD price action is moving within an ascending channel formation. This started to take shape mid-December, when the bulls picked up decent momentum to the upside. The price has gained as much as 180% within this pattern structure.

In terms of next upside resistance, this isn’t seen until 11th January high, at $0.028317. Further north, eyes will then be on the upper part of the channel, the above acting trend line, $0.03250. A clearance here, can open the door to a return to $0.04000.

 

TRX/USD daily chart

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