Despite the broader weakness in the crypto market on Friday, TRX has traded against the grain as it tapped a new weekly high above the $0.0700 top. However, it appears that bulls lack the composure to sustain this rally as the cryptocurrency falls back to the $0.0650 support.

With the recent surge and rejection, TRX has lighted up a descending trendline, which is acting on the price to retest the $0.0600 low. Regardless, I anticipate a bullish rebound to the $0.0700 top over the coming days and a possible break towards the $0.07500 top. In the meantime, a bearish continuation below $0.0620 is highly unlikely.

Meanwhile, my resistance levels are $0.0680, $0.0700, and $0.0720, and my support levels are $0.0650, $0.0620, and $0.0600.

Total Market Capitalization: $1.78 trillion

Tron Market Capitalization: $6.7 billion

Tron Dominance: 0.37%

Market Rank: #22