Tron (TRX) Price Analysis: Dips Remain Attractive Above $0.024

[sneakyboi]

Tron (TRX) Price Analysis: Dips Remain Attractive Above $0.024

TRON price formed a strong support base near the $0.0245 and started a steady increase against the US Dollar. TRX price gained pace above the $0.0250 resistance and settled well above the 55 simple moving average (4-hours).

The price even broke the $0.0260 resistance zone. A high was formed near $0.0268 before the price started a downside correction. There was a break below the $0.0260 and $0.0258 levels. The price even traded below the 61.8% Fib retracement level of the upward wave from the $0.0249 low to $0.0268 high.

However, the price is finding a strong support near the $0.0252 level and the 55 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.0252 on the 4-hours chart.

Learn more about the analysis here.

[bigcash2011]

Looks like trx has finally broken the range and now we can expect bulls from tron as well. During last bull run tron peaked at around 22 cents so i think it has potential to hit over $1 as new peak.