TRX price action shows a price jump as the recovery rally surpasses the $0.063 mark. Will the price exceed the overhead resistance to reach $0.070? Key technical points: The TRX market price has decreased 3.37% over the past 24 hours. The price action shows the Doji candle retesting the $0.063 breakout. The 24-hour trading volume of Tron is $675 Million, indicating a drop of 7.85%. Past Performance of TRX The last crypto crash caused a sharp fall in the TRX prices to a minimum of $0.047, accounting for a 45.5% loss. However, the price trend took a bullish turnaround resulting in a recovery rally surpassing the $0.063 mark. However, the higher price rejection in the daily candles displays a retest phase. Source- Tradingview TRX Technical Analysis Today, TRX’s price is up by 1.39% and is teasing a post-retest reversal rally from the $0.063 mark. Hence, traders can find bullish entry spots at the current market prices. MACD indicator: The fast and slow lines showcase a bullish reversal teasing a potential reversal. Hence, traders can find the indicator displaying a buy signal rise of bullish histograms with the new crossover. Bollinger Bands: The price jumps from the lower band, but the upper band takes a harsh toll resulting in a converging phase. RSI indicator: The daily-RSI slope surpasses the oversold area and overtakes the 14-day SMA line. Hence, the indicator displays a gradual rise in the underlying bullishness. In a nutsh...
