TRON (TRX) emerged in 2017 as a decentralized blockchain-powered operating system created by the Tron Foundation. Initially, TRX tokens were built on the Ethereum network as ERC-20 tokens, but after a year, they transitioned to their independent network.
The TRX token is ranked #9 with a market capitalization of nearly $6 billion. The current market price of the token is 0.0692 USDT
The TRX/USDT chart had recently broken above the descending triangle pattern on the daily time frame. Currently, the trend is retesting the breakout levels and we could expect a bounce back from this price level. The next resistance is expected at 0.083 USDT and an immediate support is expected at 0.064 USDT.
Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.
Start your Crypto Investments with XMINT Bots today
MintingM Rating – 3/5
