TRON [TRX] has surged by 20% over the past week, reaching a 2500-day high with the price currently sitting at $0.1986 at press time.
has surged by 20% over the past week, reaching a 2500-day high with the price currently sitting at $0.1986 at press time. This impressive rise has caught the attention of both traders and investors, signaling a strong bullish trend.
Looking at support, $0.1653 remains a strong level. This is where the price has previously found solid footing during minor retracements. If TRON faces a pullback, this level could act as a base for a potential bounce. Furthermore, the MACD indicator confirms the uptrend, with the MACD line positioned above the signal line . This indicates that buying pressure remains strong, supporting the continuation of the rally.On-chain data reveals neutral sentiment. Net Network Growth has increased by 0.56%, suggesting stable activity. However, the In-The-Money ratio sits at -0.39%, indicating some bearish pressure.
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