Past Performance of Tron
In a sea of red, Tron is defying gravity , ending last week strongly as per the candlestick arrangement in the daily chart . The coin is up roughly 10 percent in the past trading day and a massive 16 percent versus the USDT in the previous trading week. TRX bulls are resilient against bears, maintaining a bullish trend and impressively soaking in selling pressure.

#Tron Technical Analysis
Tron is within a bullish breakout formation from a top-down analysis. Notably, TRX prices are bouncing from the 20-day moving average, flashing with April 21 lows. The bull bar capped the recent price action. Since bears didn’t drive TRX prices below $0.061, the sharp reversal from the critical level points to strength and trend resumption. Accordingly, TRX traders may search for entries with targets at April 21 highs of $0.075. Conversely, sharp losses below the middle BB may force TRX to $0.57.

What to Expect from #TRX?
Tron bulls are confident. The bullish engulfing bar of May 1 signals strength and possibly a resumption of the uptrend. In the immediate term, TRX may recover and retest April 2022 highs of around $0.075.
Resistance level to watch out for: $0.075
Support level to watch out for: $0.057

Disclaimer: Opinions expressed are not investment advice. Do your research.