Tron (TRX) Price Action

The TRX price has constantly displayed a bullish price action by adding 6.83% to its portfolio within the past day with a trading volume of $778.23 Million. Moreover, it has jumped approximately 16% within the past week and has recorded a YTD return of 36.43%.

The EMA 50-day acts as a support to the Tron price chart, indicating a strong bullish sentiment for the altcoin in the cryptocurrency space.

The Relative Strength Index (RSI) has breached its overbought range in the 1D time frame, highlighting an increase in the buying-over-selling pressure within the crypto space. Moreover, the average trendline records a bullish curve, suggesting that the altcoin will continue gaining value this week.

If the market holds the TRX price above its support level of $0.1450, the bulls will prepare to test its upper resistance level of $0.160 during the upcoming weeks. Conversely, a bearish reversal could pull the altcoin toward its lower support level of $0.1275 this month.$TRX