Investors’ Confidence Increase as Market’s Sentiment Remains Positive

The ongoing surge in the price of Tron could be attributed to the continuous and impressive expansion of its ecosystem. Intriguingly, the recent plan to launch new projects in the upcoming months has increased investor confidence as the bullish long-term outlook is supported by positive market sentiment.

Collaboration with financial services platforms like Blockbank is one of these developments. Additionally, the trading volume of NFTs on the TRON network has significantly increased, as reported by Santiment. According to CoinMarketCap, the price of TRX has increased by more than 2.5% over the past seven days as of the time of this writing.

Key TRON Levels To Watch – April 4

TRXUSD still keeps rallying along the rising trendline. However, a failure swing has been created below the $0.07320 resistance. This could lead more bears into the market, thereby invalidating the diagonal support.

Following the third bounce of the diagonal support, a lower high was created after a short rally. Price returned into the Fair Value Gap to execute buy orders while also bouncing off the diagonal support.

TRX Key Levels

Resistance Levels: $0.09230, $0.07320, $0.6550
Support Levels: $0.04970, $0.04530, $0.03730

Total Market Capitalization: $1.17T
TRON Market Capitalization: $6.03B
TRON Volume: $0.23B
Market Rank: #15

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