Hello and welcome to everyone at the Tron fan club. TRX has been performing great in the last few months. This was another eventful week for TRX. We have seen the token lose a substantial amount of value and quickly gain all of it back. Today we look back at the price movements of TRX over the last few days.
TRX enjoyed a powerful uptrend from AUG'23 to FEB'24. In this time, TRX's price literally doubled. Although other cryptocurrencies faced a lot of hiccups in the road, TRX was very much stable in its growth. After a short break in this upward movement, TRX started going up again from AUG'24. The week started with TRX just below the resistance line of 0.164$.
After failing to break through the resistance at the 0.164$, TRX started falling downwards. It was just above 0.1635$ only seven days ago. After the fall and bounce at the support zone, it started going up very quickly. Eventually, it broke out and made a jump. Because of that, TRX is now up 10.3% in a span of seven days. It has created a bullish trend. But it is still below the resistance level of 0.19$ where it got rejected. So, it needs to hold onto this support and break-though the resistance. Now, TRX is hovering around 0.18$.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
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