Tron (TRXUSD) is soaring – Analysis – 18-11-2024 $TRX

The price of Tron (TRXUSD) continued to rise during its recent trading at the moment levels, in light of the complete control of the main upward trend in the medium term and its trading along the trend line, with the emergence of positive signals from the relative strength indicators, despite reaching areas of severe saturation with buying operations, in addition to the continuation of positive pressure due to its trading above its simple moving average for the previous 50-day period.

Therefore, our expectations indicate further rise in the price of the currency during its upcoming trading, as long as the support level 0.16906346 remains stable, targeting the resistance level 0.22848634.

The expected direction for the upcoming trading: Upward