Tron (TRX) Price Analysis: Uptrend Intact Above $0.0200

TRON TRX 4 800x600

Tron price rallied recently and climbed above the key $0.0185 resistance area against the US Dollar. TRX price is currently correcting lower and it remains well bid above the $0.0190 and $0.0185 levels. There is a contracting triangle forming with resistance near $0.0220 on the 4-hours chart (data feed via Bitfinex). The price is likely to climb higher once again above the $0.0220 and $0.0240 resistance levels. TRON price is trading nicely in an uptrend against the US Dollar and bitcoin. TRX price looks set for more gains above the $0.0200 resistance area. Tron Price Analysis This past week, TRON price started a strong rise from the $0.0160 support area against the US Dollar. TRX price rallied sharply and broke many resistances near the $0.0185 and $0.0200 resistance levels. Moreover, there was a close above the $0.0190 level and the 55 simple moving average (4-hours). The price climbed above the…

Read the original article here