HomeWill Tron continue the strong rally?

Will Tron continue the strong rally?

Ansh Rathod

The majority of coins were trading in the red on Tuesday after a significant dip across the market, nevertheless, several coins were still trading in the green show signs of strength even in bearish sentiment. Tron (TRX/USD) was one of the few coins tradings positively which is indicating a bullish move in the coming weeks, especially after its recent breakout earlier this month.

  • TRX broke out of a symmetrical triangle that it had been trading under for over six months earlier this month. However, shortly after the breakout, a huge TRX was not able to sustain the dip in the market and fell by over 25%. 

  • TRX has taken support from the strong demand zone at $0.09 and is about to break out from the resistance at $0.099.

  • Once the major coins start trading in the green a huge pump could also be expected in Tron.

  • The first target can be set at $0.117, followed by $0.13.

  • A stop-loss can be set below the demand zone.


TRX is looking very bullish for the coming weeks especially after sustaining through the recent dip seen earlier this week, suggesting that once a market recovery is seen Trx could start a sharp rally. To confirm the bullish bias in the coming weeks an entry can be taken above $0.099.

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