• Tron (TRX) price started a fresh increase from the $0.0645 level against the US Dollar.
• There is a major bearish trend line forming with resistance near $0.0728 on the 4-hour chart.
• TRX’s price could rise further if it clears the $0.074 resistance zone.
Tron (TRX) Price Analysis
Tron price started a fresh increase from the $0.0645 level against the US Dollar, similar to Bitcoin. TRX’s price could rise further if it clears the $0.074 resistance zone. There is a major bearish trend line forming with resistance near $0.0728 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.074 resistance zone.
Price Movement
After a downside correction, Tron price found support near the $0.0645 zone against the US Dollar and formed a base before starting a fresh increase from thereon.. There was a break above the $0.0680 and $0.0700 levels as well as 23.6% Fib retracement level of the downward move from the $0