Tron price reclaiming the daily EMAs (20, 50, 100, 200) indicates a restoration of bullish sentiment. As of press time, TRX is trading at $0.1230, down 1.04%. It is testing an important resistance level at $0.124. This level was challenging for the price due to selling pressure amid the sun's discharge.
If TRX can rebound and break this resistance. The next targets are between $0.126 and $0.128. These levels were previous highs and could serve as the next resistance areas. On the negative side. TRX has strong support around $0.121.
The $0.121 level has been tested several times and has consistently provided a floor for price bounces. Below this level, there is a psychological support level of $0.120. Recently provided support. These levels are crucial for traders to monitor, as they provide potential entry points in the event of a price decline.
