Will TRON (TRX) Manage to Trade Above $0.0128?

TRON price has been gearing for a stable upward momentum from the past few days. The price movement of the coin yesterday indicates that it is making strides in the right direction with its price being in the upper range continually over the last 24 hours.

If we look at the price movement of TRX/USD over the last 7 days, the coin trades with moderate movement in the range of $0.0121 and $0.0131.

TRON Price Analysis

TRX coin has put up a great performance yesterday as evident from the price movements. Yesterday, the currency started trading on a lower note as the price was below the baseline at $0.01185 at 00:25 UTC. At 9:06 UTC, the price of TRON coin marked a rally which took the price at a high of $0.0130 showing a rise of 10.03%. Then, the currency continued to trade with moderate fluctuations. Over the next 7 hours, the TRX price formed a double bottom at $0.0127 and then, it escalated to $0.0132 by 3.32% hike.

After hitting $0.0132, the TRON price traded with slight bearish pressure and corrected down to $0.01284 at the time of writing this analysis. Over the last few hours, the currency managed to stay above its previous support of $0.0127 despite the bearish pressure. TRX coin has been giving the bears a good fight which shows in its price movements of yesterday and the past few days. Analysts are confident that the coin will continue its good run during the year.