TRON’s Price Trend Slowly Steps Up to Witness Bullish Impact
- TRON price has been restlessly witnessing ups and downs since the second week of this month; however, the coin is attempting to gain stability by now
After a bullish month start, TRX coin started dropping gradually on March 8. The gradual price decline turned out all the more troublesome when it sharply nosedived on March 12. The next day, it extended the decline and bottomed at $0.0075.
The currency couldn’t go beyond an initial recovery above $0.0089 as it kept consolidating after that. A bit of uptrend was noticed on March 20, which has now faded.
- TRX started a rebound journey yesterday, recovers short-term losses
The day before yesterday, Tron tumbled heavily below its crucial support levels, and the price drop had halted yesterday when it traded as low as $0.010. The coin remained in the same bearish zone for quite a while, and then, it found support at $0.0102.
- Bullish trendline takes place; Heading towards resistance levels
TRON price has escalated from its immediate support level to attain an increase of more than 11%. The coin went as high as $0.0113 over a very short span, and here it initiated a rising trend line. The TRX coin is now testing resistance levels at $0.01158 in order to sustain the price rally on the upside. Meanwhile, a few dips at $0.0113 have been noticed. Currently, the coin is trading above the 200-day RMA line with a positive bias while holding a stable RSI.