$TRX crosses 2024 high above $0.148, but will whales turn TRX bearish? - AMBCrypto Analytics

Technical indicators on the TRX price chart flashed bullish signals across multiple timeframes.

TRX traded above the 20-, 50- and 100-day simple moving averages (SMA) on the 1-hour, 4-hour, and 1-day time frames, signaling a strong uptrend with potential for continued bullish action.

Tron (TRX) printed a 6% daily green candle on the 19th of August, breaching $0.14, and has followed up with a developing 2.65% green candle as of press time.

This sustained uptrend has pushed TRX/USDT to overcome the $0.143 resistance, where it has been rejected multiple times before.

A weekly close above this level will strengthen bullish traders’ resolve to flip it into support. On the daily chart, the TRX/USDT pair trades inside a bullish ascending triangle supported by an up-sloping trend line. A continuation of this trend could see TRX claim $0.152 in the near term and challenge $0.155.