TRON bullish momentum continues
With an amazing 66% increase over the previous week, the TRON price has been on an incredible upward path. Driven by a steady pattern of higher highs and higher lows, this great momentum has propelled the TRON price to a new ATH of $0.44. But the TRON price chart shows that the altcoin has just dropped by more than 20% from its ATH to less than $0.35.
The price of TRON is still testing the vital $0.33 support zone; it has shown indications of rejection, suggesting a possible bullish bounce. Should the trend carry on, TRON (TRX) might shortly retest its ATH, hence initiating another notable surge. With an amazing 105% increase over the previous month, TRON (TRX) keeps displaying great upward potential.
The MACD and Moving Averages among other technical indicators are clearly showing buy signals on the TRON price chart, thereby supporting the altcoin’s positive projection. These encouraging signals together with the current price action point to TRON (TRX) perhaps soon pushing past its ATH and rallying to the long-awaited $1 this cycle.
cr : CoinMarketCap