• Tron (TRX) price started a fresh increase from the $0.055 level against the US Dollar.
• TRX price is now trading above $0.06 and the 55 simple moving average (4-hours).
• The pair could continue to move up if it breaks the $0.070 resistance zone.
Tron (TRX) Price Analysis
Tron price started a fresh increase from the $0.055 level against the US Dollar and is now trading above $0.06 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.066 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.070 resistance zone.
Resistance Levels
On the upside, TRX is facing resistance near the $0.0685 level. The next major resistance is near the $0.0700 level, which could send trx price towards the $0.0720 resistance zone and further gains might send trx price towards $0.075.
Support Levels
On the downside, an initial support is near the $0