Tron Price Surges by More than 7%; Will the Bullrun Sustain?

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  • Tron price seems to be on a bullish spree since yesterday; still forming bullish candles
  • The coin is well above the 12-day EMA line; TRX is up by more than 7% right now
  • TRX has remained above all the fib levels below 0%; Bollinger bands are heading for a volatile phase

Tron, one of the most prominent altcoins, is taking higher price spikes with a positive bias since yesterday. Meanwhile, Bitcoin has climbed above 9000 recently (yay!). It is to be seen whether $10,000 price mark gets hit by this weekend.

TRX price was comparatively sluggish yesterday when it opened at $0.0171. The coin managed to trade as high as $0.0176 within a few hours of opening. A gradual yet steady pullback took the TRX coin near $0.0171 again.

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TRX/USD Chart By TradingView

However, before closing, it resumed the surge and went as high as $0.0179. Today, the coin has sustained the bullish sentiment as it has even hit the price mark above $0.018. The coin is still looking for more room to trade higher as it is testing resistance near $0.0182 at the moment (11:13:37 UTC).

The coin is pretty much above the EMA line and the coin is set to cross the 0% Fib level soon.

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Notably, SMA lines are painting a bullish picture for Tron price while RSI seems stable. MACD indicator of the coin is about to have a bullish crossover, though lines are not apart enough.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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