TRX/USD is showing some uptrend. Tron’s move above $0.016 level can trigger a sharp upside price rally. The technical analysis indicates that the TRON could stage a major bullish breakout.

Tron medium-term price trend

Tron’s price analysis shows that the cryptocurrency could go up to $0.020 level if the buyers breakout a $0.018 technical area. The daily time frame showcases that price is currently probing against the neckline of the head and shoulders pattern, which has been in play for almost 2020.

Tron short term price trend

According to the technicals, the TRX price could reach to $0.018 level if bulls can move the price above the pattern.

Overall, Tron’s technical analysis shows a strong directional move, which is likely to take place soon.

tron

TRON (TRX)

$ 0.020169 5.74%