Tron Price Analysis: TRX/USD rockets to the north with big double-digits
|- Tron bulls gathering further steam behind current upside run, challenge seen just ahead.
- TRX/USD price has jumped a whopping 35% over the past five sessions.
The Tron price on Tuesday was holding big chunky gains into the second half of the session. At the time of writing, seen up 10.50%, at $0.026720. TRX/USD is now running at its fifth consecutive session trading in the green.
TRX/USD had initially formed a bullish pennant pattern, with the price moving within the confinements of this from 21st December to 3rd January. Buyers gained enough momentum to force a breakout to the upside from this pattern structure, which has led to gains of around 35% since the breach.
Next upside resistance is seen at current levels, a supply zone can be seen tracking from $0.026000-0.028000. The bulls have faltered on here on several occasions, running all the way back from August 2018.
TRX/USD daily chart
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