Will Tron Follow VeChain’s Lead and Break Out?

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In Brief
  • VET has generated a double bottom and has broken out from a descending resistance line.

  • TRX is following a descending resistance line and is facing resistance at 175 satoshis.

  • BTCD has fallen below an important support level.

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VeChain (VET) has increased by 50 percent since May 22, after breaking out from a long-term descending resistance line. The TRON (TRX) price movement shares similarities to that of VET, allowing for the possibility that it will initiate a similar upward move. Cryptocurrency trader @RookieXBT outlined a chart comparing the movements of VET and TRX, which shows a similar descending

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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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