TRON (TRX) Finally Closes Over Long-Term Resistance

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In Brief
  • There is long-term resistance and support at $0.265 and $0.214.

  • The price is following an ascending support line strengthened by long-term moving averages.

  • TRX/BTC is facing resistance at 203 and 225 satoshis, and has support at 185 sats.

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On Aug 13, the TRON (TRX) price broke out from a long-term resistance level. After a potential short-term correction, the price is expected to resume its upward movement towards the next resistance area. TRX Long-Term Levels The TRX price has been increasing on top of an ascending support line since reaching a bottom on March 13. The support line is strengthened by the 50 and 200-day

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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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