On the last day of the week, bulls have seized the initiative as all of the top 10 coins are in the green zone.

Chart

Top coins by CoinMarketCap

TRX/USD

TRX has followed the bounceback of other coins, rising by 4.66% over the last 24 hours.

TRX

TRX/USD chart by TradingView

On the local time frame, TRX has broken the resistance and is trying to fix above it. If bulls can do that by the end of the day, the impulse can continue to the zone around $0.08 soon.

TRX

TRX/USD chart by TradingView

On the daily chart, TRX is about to start rising after an accumulation phase. If the buying trading volume goes up, there is a high chance to see the test of the interim level at $0.08254 next week.

TRON

TRX/USD chart by TradingView

From the mid-term perspective, TRX is neither bullish nor bearish as the rate is far away from its crucial levels. In this case, the altcoin needs more time to accumulate power before a sharp move.

In this case, sideways trading in the range of $0.07-$0.08 is the more likely scenario for the upcoming weeks.

TRX is trading at $0.07648 at press time.

Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.

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