Tron Price Analysis: TRX/USD jumps a 5% and set for big game changing barrier test

Tron price holding decent gain on Monday, up over 5%, as the bulls see renewed life.
The anticipation of the GRID pre-order date, a single-use crypto card for TRX and BTT.

Ken Chigbo Independent Analyst

TRX/USD is seen trading up on Monday with decent gains of over 5% in the latter part of the session. The biggest daily gain was seen since 8th February, as the bulls push for recovery following a period of cooling triggered from 9th February, after a key supporting trend line breach.

Tron has provided details of a pre-order data for GRID, this will be a single-use TRX and BTT crypto card, built using the network of Tron. The date and time for the GRID X BitTorrent crypto card will be 18th February.

GRID is going to be one of two crypto cards built using the Tron network. Firstly, TronCard, which was designed as a tangible TRX wallet. Covering both TRX and TRC10 tokens, which being assets tokenized for use via decentralized applications (dApps) built on the TRX network. This can be held with the TronCard, acting as a virtual wallet.

Tron is heading for a retest of a breached ascending trend line, this had been running initially from the back-end of December up until a firm breakout to the downside was seen on 11th February. The resistance, underneath the trend line, is tracking at $0.026500.

TRX/USD daily chart

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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