Despite the SEC’s Interference, TRX Keeps Experiencing an Impressive Rally

Despite the challenges faced by TRON from regulators like the United States Securities and Exchange Commission (SEC), TRX keeps experiencing an impressive rally in price. In fact, the subsequent revenues generated by TRON quarterly keep increasing without regard to the SEC’s lawsuit.

According to CoinMarketCap, the trading volume of TRX has increased far beyond 100% compared to last week. The impressive rally began following the release of TRX’s first-quarter report. As per Messari, a market intelligence company, the last few months have experienced a drastic increase in the activities on the TRON network.

Key Tron Levels To Watch – May 22

TRXUSD is typically bullish on the daily chart. The $0.07320 resistance has been broken as the bulls invaded the market. The invasion occurred after an unimpressive rally below the $0.07320 resistance.

As indicated by the MA Cross, prices should remain bullish for a long time. The buy signal came in as the MA Period 18 crossed the MA Period 40 to the upside in April 2023. Similarly, the MACD indicator also shows that the market is in an uptrend as it keeps heading upward.

Tron Key Levels

Resistance Levels: $0.07320, $0.08870, $0.10780
Support Levels: $0.6550, $0.05440, $0.04970

Total Market Capitalization: $1.12T
TRX Market Capitalization: $7.12B
TRX Volume: $0.41B
Market Rank: #11

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