TRON's has undergone a gradual and consistent recovery, rebounding from the support level at $0.05000 over the recent months. This upward momentum has been sustained as the price continues to advance within an ascending parallel channel. Buyer interest is notably increasing, indicating a renewed enthusiasm to retest the previous peaks around $0.09000.

TRX coin finds solid support at $0.07000 and aims for the upper range around $0.09000, previously a resistant supply zone. Buyers' consistent rebounds from the lower trendline signal a positive trend outlook. TRX's recent correction indicates a fresh trend reversal, pointing towards an imminent push towards previous highs.

Tron's price is on an upward trajectory, trading above $0.0760 against the US Dollar. TRX is displaying stronger performance compared to Bitcoin and could potentially advance further towards the $0.0820 resistance level. In the previous week, Tron experienced a notable drop below the $0.0760 support, paralleling similar movements in Bitcoin and Ethereum.

TRX tested the $0.0715 region, prompting bullish support to halt the decline. A low was established near $0.0719, initiating a fresh upward movement. The price successfully surged past the $0.0740 and $0.0750 resistance thresholds, showcasing even better performance than Bitcoin over recent sessions, ultimately breaking the $0.0760 resistance. This rally carried the price above the 76.4% Fibonacci retracement level. Presently, TRX is trading above $0.0765 and remains positioned above the 50 hourly simple moving average.

Looking ahead, initial resistance is at $0.0790, with a more significant hurdle around $0.080. The next resistance is near $0.0820. A close above $0.0820 may propel TRX higher. The subsequent notable resistance resides near $0.0850, and if breached, it could pave the way for a push towards the critical $0.0900 zone in the near future.

If TRX price struggles to surpass the $0.080 resistance, a corrective decline might ensue. The initial support lies around $0.0760, accompanied by the trend line. A more substantial support level is at approximately $0.0745, and a breach beneath this could prompt an accelerated downward movement. Subsequently, the following noteworthy support is situated at $0.0715.

Based on Coingabbar Price Analysis, the TRX has a market value of $6,928,304,101. The coin's 24-hour trading volume is around $205,072,059.

KEY LEVELS :

RESISTANCE LEVEL : $0.08000-$0.08300

SUPPORT LEVEL : $0.07500-$0.07200

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

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