TRON has been one of the most interactive blockchains, and its native token TRX is one of the top 15 cryptos of the market. TRON, as a blockchain platform, comes up with many updates making it one of the most active crypto projects.
Additionally, the recent spike in the price of TRX coin is exhibiting a complete bullish bias in the market as the team, and the foundation works effortlessly to make it one of the greatest ecosystems of the crypto market.
TRX, at the press time, was trading at $0.0295 after breaching a 13-month high at $0.0326. With the recent strengthening and bullish candlewick, the price of TRX/USD is breaching the upper Bollinger Band.
TRON, therefore, is holding a strong support from SMA50 & SMA200 at $0.016 & $0.017 price, thereby, serve to be the major support area. With the widening of 20-day bands, we project a volatile movement in the near-term.
Moreover, the currency was drawing a notable uptrend after the major market crash in March until a steep surge took place in the TRX price, where it gained massively from $0.019 to $0.032. The MACD of TRON is drawing a bullish crossover. In this regard, the RSI s breaking the major overbought zone and lies at 83.05. According to TRON forecast, the coin might cross $0.040 mark as it has already breached 13-month resistance.
