Tron (TRX) Price Likely Setting Up For Larger Rally To $0.0300

Tron price formed a solid support base near the $0.0224 level against the US Dollar.TRX price gained traction recently and broke the $0.0255 and $0.0260 resistance levels.There was a break above a major bearish trend line with resistance near $0.0254 on the 4-hours chart (data feed via Bitfinex).The price could start a significant upward move if it breaks the $0.0260 and $0.0271 resistances.Tron Price AnalysisThis past week, there was a fresh decline in TRON price below $0.0240 against the US Dollar. The TRX/USD pair traded towards the $0.0224 level and later formed a strong support base. Finally, it started a decent upward move after bitcoin started a significant upward move. The bulls managed to push the price above the $0.0235 and $0.0240 resistance levels. There was even a close above $0.0240 and the 55 simple moving average (4-hours).During the rise, there was a break above a major bearish trend line…

Read the original article here