The TRON coin has been among the best gainers in the cryptocurrency market. TRX, just like most altcoins, has been on a steady uptrend since late July. The uptrend has led to the altcoin making new highs and breaking significant barriers.
TRON is trading at $0.0861 at the time of writing after an 8.1% gain in 24 hours.
TRX Price Analysis
The gains made by TRON in recent days mean that the coin’s value has increased by around 27% in the past week. TRX has increased steadily over the past two weeks, and despite some resistance, it has broken past critical barriers.
If the uptrend continues, the next resistance for the coin is at $0.095, which could create a rally for the token towards breaking the next critical resistance of $0.1. This will be a positive sign for the coin, as it could pave the way for the upswing towards reclaiming the all-time high of $0.23 set by the coin in May.
On the other hand, we could also see TRX heading towards lower levels.