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  • TRX/USD has gained a big 47% over the last two days, helped on by further adoption news, as previously covered.  
  • The bulls have a challenge of trying to break down a previous area of support, $0.016-0.018 range.

Tron has been storming higher over the past two days, have it managed to find a bottom between 25-27 November, after the heavy selling pressure. The price has run up to levels as high as $0.017, only a few days ago was the big 1 cent mark at threat.

TRX/USD bulls have managed to see whopping gains of around 47% to the recent high print today – Thursday. There is some resistance that will need to be tackled for greater upside, the price is currently sitting within that area.

Between 13 August to 20th November, TRX/USD had been well support by a demand zone. This is seen running from $0.01800 down to 0.01600. This will now and is already being demonstrated as a new area of resistance for the bulls to try and break down.