TRX Technical Analysis: Recovering TRX Buyers Aim $0.10

TRX coin price experiences a sudden increase in buying pressure resulting in the $0.070 breakout. Will the breakout rally reach $0.10? Key technical points: TRX prices surpass the $0.070 mark. The MACD and signal lines exceed the zero line. The 24-hour trading volume of Tron is $1.88 Billion, marking a 64% rise. Past Performance of TRX TRX coin price failed to sustain or surpass the resistance confluence of the 200-day EMA and $0.070. However, the fresh bullish attempt marks a jump of 16% with two bullish candles of 13 and 3 percent each, breaking above all the crucial EMAs and surpassing the $0.070 mark. Source-Tradingview TRX Technical Analysis TRX prices have surpassed their $0.070 mark and display the bullish trend to retest the $0.077 mark. But, the movement has to be able to hold over the 200-day EMA without any significant selling pressure easing to an upper resistance level. Its bullish alignment with the important EMAs is weakened by an engulfing bullish candlestick, resulting in a reversal in the 50- and 100-day EMAs. Thus, the odds of crossovers with bullish sentiment are growing substantially. The RSI slope indicates an upward trend away from the middle line, indicating an increase in the buying pressure. The average line for 14 days shows a bullish trend in action and is over the mid-point line. Furthermore, the MACD and signal lines continue to maintain an uptrend following the crossover in the bullish direction ...