TRON’s TRX Surge Is Going To Strike Soon, Analysts Explain

TRON’s TRX surge will come soon as the price movement keeps on making great advancements in the past couple of days. Yesterday, the coin reached $0.0164 and in the charts of today’s TRON news, we will see the price movement of the TRX/USD pair in the past three months.

The coin started with a huge surge back in February but the same was instantly followed by a crash in March. Since mid-March, the currency marked a very strong recovery that led the price on a steady road of growth. The TRX was spotted dealing at $0.0191 at the start of February. TRX marked a sharp bullish move while the price escalated to $0.0268 in two weeks’ time. During that time, the currency wasn’t able to hold the position for a long time and noted a fall of 41%, reaching $0.0156.

After the huge plunge, TRON’s TRX price managed to recover and traded to $0.0183 at the start of March. After hitting the $0.018 price point, the TRX price faced a huge fall and reached $0.00711 on March 12. Despite the volatile movements, TRON started a recovery and had a strong bullish influence. By March 20, the price escalated to $0.127 but faced regression so it continued trading with moderate fluctuations.

The TRX coin price traded at $0.012408 and right after that, the currency managed to trade upwards, reaching $0.01649. Later, the price corrected and spotted a $0.01608 level at the time of writing. TRON holds support from the SMA 20 and 50 at $0.136 and $0.124. TRON’s TRX Surge is coming in the upcoming days if the price manages the upside movement and breach the $0.018.

According to the latest TRX news, Tron (TRX) is one of the coins that is rapidly advancing and partnering with many big companies to promote its network better. A lot of that has to do with the boss behind the project, Justin Sun, and his influence in the tech world. The coin recently revamped its infrastructure and showed a new direction in its partnerships. There is also the TRX staking program, which receives rewards from trading competition activities. The Tron project announced on April 27 that the apps built on its blockchain will be featured in the Samsung Galaxy Store. This way, owners of the Samsung smartphones in specific countries will see the Tron dApps in an alternative app store.