TRX Looks For More Gains After Surging 8% In Last 24-Hours

TRX looks for more gains over the past 24-hours after surging by more than 8% as we are reading in the latest TRX tron news.

Today’s increase in TRX’s price shows that buyers are starting to regroup and it could last longer if the price breaks the March’s resistance. The price jumped to $0.0178 after a 6% growth over the past 24-hours while against Bitcoin, TRX broke out and gained momentum after staying bearish for a few months. The key resistance for the TRX/USD pair remained at $0.0186, $0.0215, and $0.023 while the key support levels are set at $0.0168 and $0.0149. After establishing a three-week low around $0.015, TRON managed to bounce back by showing signs of strength again. The increase was noticeable and breached a huge resistance level.

The recovery was later followed by a push above $0.0168 and $0.0173 resistance level to where it settled at $0.0178 against the US dollar as the price is now approaching another crucial area at $0.0186 during the March resistance which could send TRX right away to $0.0268 if a breakout happens. Another rejection at this resistance could suspend the bullish actions for a while and a bearish scenario could come into play if the price falls below the yellow ascending trend line to $0.0149. TRX looks for more gains as the price touched $0.0179 after noting an 8% growth over the past few hours but the bullish target lies at $0.0186.

There’s close support at $0.0168 if a drop happens but if the price drop below the current base support at $0.0149 to confirm the double-top pattern if the next critical support could come somewhere around $0.012 but it could reach the $0.014 level along the way. The latest price increase shows that the buyer is stepping back into the market and it could last longer if the price recovers above the March’s resistance.

TRON increased by 6% to reach the 196 SAT today but the price decreased back to 191 SAT at the moment. It seems to gain momentum looking at the price in the past 48-hours from a key level at 170 SAT. in the meantime it has formed base support at the 150 SAT level. The most interesting thing here is that the bulls have increased above the orange resistance line which is becoming more significant day by day with the increasing buying volume.