Tron (TRX) has seen significant growth of 6.66% over the past 30 days as the asset looks to maintain a bullish rally. However, in the last 24 hours, the TRX has lost its acquisitions as its price declined 0.78%, trading at $ 0.2434 in the crypto market.
Bands will squeeze the tension signals
According to CoinMarketCap DataThe TRX Technical Indicator suggests that this setback may be temporary. Interestingly, Tron bollinger bands indicate bullish possibilities for the coin. TRX -day -to -day trends in the bands are expected to be in a tight squeeze such as press time, indicating that a breakout is still possible.
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Similarly, the four -hour chart shows TRX prices are in lower bands. This is likely to be a rebound because the owner is temporarily eliminated. The TRX can post additional decline, so the DIP can reverse and begin to bounce again.
Participants in the market are likely to experience a price outbreak if investors initiates the recovery of the coin as expecting an additional rally.
A noticeable development with TRX is that it maintains its support above $ 0.20 even in the middle of the current decline.
This development is optimizing for holders while Tron shows market stability. If TRX continues to show a strong push, Justin Sun's prediction that the coin can post an all-time high (ATH) can be a reality.
The predictable prophecy of the founder of the Tron on the possibility of TRX being beaten to an ATH in this second quarter depends on the technical asset setup.
All eyes on tron's momentum for confirmation
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Tron's performance this year has been amazing. It ended the first quarter with a strong note despite volatility in the market. As reported by the U.Tayday, TRX is on the edge of Flipping Cardano (ADA) as its price stabilizes above $ 0.2290 as ADA decreases.
At the current setup, the next few hours will indicate whether TRX will remain on its bullish path.
