TRON hits $0.18 with a 7% surge, sparking speculation on reaching 2018 highs.
A breakout above the Bollinger Bands on the 4-hour chart suggests further gains for the token.is mirroring gains across the broader cryptocurrency market. At press time, TRON was trading at $0.1778, up over 7% in the past 24 hours.
On the 4-hour chart, the price recently surged above the $0.1700 breakout level, reinforcing a bullish trend, with a potential retracement suggested back to this level. This area could serve as new support, providing an opportunity for buyers to push the price towards $0.20, a key psychological resistance level.Bollinger Bands indicate increased volatility as the price extends toward the upper band, highlighting strong buying pressure.
The MACD line crossing above the signal line with expanding histogram bars further indicates bullish momentum, suggesting that buying pressure remains strong. This period of lower inflows and reduced price volatility likely reflects a consolidation phase or reduced speculative activity in the TRX market.Recent data shows an uptick in inflow volume, with a 9.56% increase in the last 24 hours, an 88.33% rise over the past 7 days, and a 54.22% increase over 30 days.
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