Tron (TRX) Price Analysis: Rally Could Extend above $0. TRON price started a fresh increase above $0.
24 May 2023, 08:00
Tron (TRX) Price Analysis: Rally Could Extend above $0.08
TRON price started a fresh increase above $0.0750 against the US Dollar, outpacing Bitcoin. TRX’s price could rise further if it clears the $0.0795 resistance.
Tron Price AnalysisIn the past few sessions, Tron price started a decent increase from the $0.0710 support zone against the US Dollar. TRX’s price remained well-bid and was able to climb above the $0.0750 zone.
It traded above the $0.0765 and $0.0782 levels to move further into a positive zone. However, the bears were active below the $0.080 level. A high is formed near $0.0798 and the price is now consolidating gains. It is trading above $0.0765 and the 55 simple moving average (4 hours).