Tron price analysis suggests a strong bullish trend as the coin has raced higher after crashing down at the start of the trading session due to a surge up to $0.0546 support level and a resistance level of $0.05549. Today, the cryptocurrency continues a bullish movement and is at $0.05543. Further intensification of the ongoing bullish wave is expected if the buying momentum gets stronger.
TRX/USD is trading at $0.05543, and it is currently facing strong resistance at this level. The market has the potential to move further up if the bulls can break above this resistance area. The market capitalization is at $5,099,717,533, and the 24-hour trade volume is at $135,096,250. However, the cryptocurrency shows potential for a reversal, as the recent price analysis indicates the TRX price is moving toward the resistance.
The 1-day price analysis of Tron confirms a strong bullish trend for today. The bulls have controlled the market throughout the day as the price has broken above the resistance at $0.05549 in the past few hours and the support level at $0.0546.
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Source: Cryptocurrency - investing.com
