Tron (TRX) Aims at Resurfacing Above the 23.60 Fibonacci Level

The Tron token has performed decently well over time. Its price action has been on a steady uptrend until recently when the market corrected downward. However, it appears that the token is quick to return to its winning ways, seeing that its price action has started rising towards a psychological price mark.

TRX Statistics:
Current Tron Value: $0.1236
Tron Market Cap: $10,758,125,624
TRX Circulating Supply: 87,670,075,252
TRX Total Supply: 87,670,091,289
Tron CoinMarketCap Rank: 15

Key Price Levels:
Resistance: $0.1236, $0.1336, and $0.1436
Support: $0.1200, $0.1100, and $0.1000

Tron Bulls Are Looking Formidable

Price activity in the TRX daily market can be said to have picked up an upside trajectory. The ongoing session has hit a level from which price action was rejected very recently. What’s more, the session seems to have just enough momentum to defy the resistance mentioned.

The last price candle on this chart can be seen to have a lower shadow but no upper shadow. Also, the market is now surpassing the red Guppy Multiple Moving Average (GMMA) lines. Additionally, the Stochastic Relative Strength Index (SRSI) lines are converging in the overbought region but retain an upward bearing. All these signs align with the fact that price activity may keep heading higher.

TRX Stays On Track Toward the $0.1250 Mark

Even in the Tron 4-hour chart, it could be seen that price activity stays bullish in the ongoing session. More interestingly, it could be seen here that price action has risen past the red and green GMMA indicator lines. Furthermore, the SRSI indicator lines can be seen rising out of the oversold region after a crossover there.

Consequently, this market seems consistent with a bullish outlook, going by indications coming from used technical indicators. At this point, traders might want to stick to bullish crypto signals here, as the market may soon hit the $0.1250 mark.

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