• Tron price gained bullish momentum above $0.0750 and outperformed Bitcoin.
• TRX traded close to $0.080 and is currently consolidating gains.
• The bulls need to clear the $0.080 barrier for TRX to rally towards the $0.085 level or even $0.090.
Tron Price Rallied Over 10%
Tron’s price increased against the US Dollar, after forming a base above the $0.0680 level. The bulls pumped the price above the $0.0750 resistance, resulting in a rise of over 10%. Currently, TRX trades well above the $0.0750 pivot level and the 50 simple moving average (blue, 4 hours).
The main resistance sits near the $0.080 mark and if it clears this barrier, then there could be an increase in price towards the $0.0835 resistance zone. If Tron can pump above this zone, then there is a possibility that it might test out the key resistance at $0.095 level as well.
Downside Correction Possible
If there is no upside break then Tron’s price may extend its downside correction with initial support at around$ 0