Tron (TRXUSD) receives a positive boost - Analysis - 12-31-2024

The price of Tron (TRXUSD) rose during its recent trading at the moment levels, as a result of the price relying on the support of its simple moving average for the previous 50-day period, which gave it positive momentum that helped it achieve some slight gains, in light of the dominance of the main upward trend in the medium term and its trading along a minor trend line in the short term, with the occurrence of positive signals on the relative strength indicators.

Therefore, our expectations indicate an increase in the price of the currency during its upcoming trading, as long as the support level of $0.24400575 remains stable, targeting the resistance level of $0.31023492.

The expected direction for the upcoming trading: Upward $TRX