Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.The price action of TRON [TRX] had strong bullishness behind it.
The rally that began in January has not yet stopped on the higher timeframes, as TRX continued to make higher highs and higher lows.Read TRON’s [TRX] Price Prediction 2023-24A retest of a zone of demand to the south could offer a buying opportunity.
Even though Bitcoin [BTC] saw some losses recently, TRX has performed well overall. This could be a sign of strength from the token.Source: TRX/USDT on TradingViewTRON was in a clear uptrend after the breakout past $0.055 in mid-January.
Even when Bitcoin faced rejection at $25.2k and fell by close to 7%, TRX saw only a 5% decline and has already ground its way upward.An imminent level of resistance the price faced was at $0.07.Read more on ambcrypto.com