• 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 $0.0725 on the 4-hours 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. There is a major bearish trend line forming with resistance near $0.0725 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 Increase From Support Level
After a downside correction, Tron price found support near the $0.0645 zone against the US Dollar and formed a base before starting its fresh increase from the $0.0646 low point. It broke above both the $0.0680 and $0.0700 levels and also surpassed 23.6% Fib retracement level of its downward move from swing high at $0