The 17th most important crypto currency, TRON, was up close to $0.10 on 8 April, a bullish week that rose by almost 45%. Other top altcoins, including Binance Coin (BNB), XRP and Stellar Lumens, also took part in the case (XLM). This could be just the beginning since TRX is now almost 20% out of the rally.
During writing the bulls try to press for new 2021 ATH, TRX is in limbo between two critical zones of help & resistance. The immediate level of support is close to $0.138, the previous high for TRX set on 5 April. Following the breakdown of the price, the TRX hit a resistance level of $0.151 easily.
TRX breaks and holds a shot to one of the last resistance levels ($0. 20) before all times, due to its audacious resistance value of $0.151. If this amount does not fall, the price of TRX is expected to stabilize within a zone of $0.127-$0.138.
When you look at the Relative Strength Index (RSI), the value is now overbought, which is the place where major price fluctuations take place. This indicates that TRON has changed into bullish mode and that bulls are still not tired.
TRX Price Intraday Levels
Spot rate: $0.146
Trend: Bullish
Volatility: High
Support: $0.138
Resistance: $0.127
