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
Will Tron Follow VeChain’s Lead and Break Out?
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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