Tron (TRX) has experienced a 5% surge, climbing from $0.09822 on November 6th to $0.1031 on November 20th. Over the past year, Tron(TRX) has exhibited substantial growth, with a remarkable 103% increase in its price. The positive momentum for Tron continued with its founder, Justin Sun, being recognized as the 2023 Crypto Changemaker of the Year by Benzinga, contributing to a favourable month for the token. It has also demonstrated relative stability and lower volatility when compared to the broader crypto market.

At the time of writing, TRX was trading at $0.01014.

TRX after making the low of $0.0045 (on 14th Nov 2022) has been trading in an uptrend. The asset was facing stiff resistance at the $0.085 level. The asset finally gave a breakout above the resistance and the prices surged up to $0.113. TRX witnessed some profit booking at the higher level and corrected to $0.09570. The asset has a strong support zone from $0.0955 to $0.0925. If it holds and sustains above the support zone then we may expect the bulls to resume the up move.

Key Levels:

  Support 2Support 1AssetResistance 1Resistance 2$0.085$0.0927TRX$0.110$0.127

The post TRX Technical Analysis Report | 23rd-November-2023 appeared first on ZebPay.

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Filed under: Bitcoin - @ November 23, 2023 9:19 am