Tron (TRX) continues to storm aggressively higher almost 50% in 2 days

  • TRX/USD has gained a big 47% over the last two days, helped on by further adoption news, as previously covered
  • The bulls have a challenge of trying to break down a previous area of support, $0.016-0.018 range.

Tron has been storming higher over the past two days, have it managed to find a bottom between 25-27 November, after the heavy selling pressure. The price has run up to levels as high as $0.017, only a few days ago was the big 1 cent mark at threat.

TRX/USD bulls have managed to see whopping gains of around 47% to the recent high print today – Thursday. There is some resistance that will need to be tackled for greater upside, the price is currently sitting within that area.

Between 13 August to 20th November, TRX/USD had been well support by a demand zone. This is seen running from $0.01800 down to 0.01600. This will now and is already being demonstrated as a new area of resistance for the bulls to try and break down.

 

BEST BROKERS TO TRADE CRYPTO

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.