tron technical outlook in zb.com
Tron’s price been going a turble of price for the past one week. this turbulence started after climbing above its resistance at $0.03, tron has been know as the "Ethereum rival" due to improvement in blockchain technology which struggled to maintain upward momentum.
Tron tumbled by 27.55% ever since it breaks its resistance hurdle. although the last couple of sessions saw the crypto’s price move upwards once again after xrp make rebounce which has some effect on crypto majors cap like tron, something that indicated that a reversal could be on the cards. If the price did rise, resistance at $0.027 could be retest for a probable target
The Bollinger Bands expanded further over the last 24 hours and showed increasing volatility for TRX. Although the indicator showed signs of bearishness, a bullish bounce could take place as the prices were trading on the lower band.
The Relative Strength Index saw upward momentum after trading in the oversold zone, suggesting that buyers could regain control of the market.