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TRON (TRX) Price Consolidates After a Humongous Surge

Tron (TRX) News

All the crypto coins, in the last couple of days, have seen substantial progress amid the prolonged volatility. This is largely due to Bitcoin’s recent strides above $10,000. Apparently, the other altcoins are racing to match up with the market bulls.

Bitcoin’s surge above $10k is likely to unlock the bulls in the market, each time when BTC has rallied above $10,000, the crypto community has embraced the crypto space even more warmly. 

TRON, too has reflected the bullish impact on its price trend. The coin has left its range-bound nature behind as it tests resistance above $0.017. TRX, which was actively working on its fundamentals while the market was sluggish due to coronavirus impact, is now fetching some enviable results.

Tron (TRX) Price News

TRX price has been gradually climbing up since yesterday; the altcoin has formed higher highs at $0.0161 and $0.0170. The rising trendline which has taken place overnight has seen a pause as the coin starts to consolidates. 

Currently, the TRON coin is testing resistance at $0.172 with quite a bullish bias. However, the 8.89% price rise has halted, and now it is to be seen when it resumes with equal intensity. Right now, the coin holds a totally bullish technical indicator; the MACD indicator is in the positive zone while the moving averages are continuing in the same manner after the bullish crossover. 

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