TRX prices reflect an increase in the underlying bullishness as the growing market value prepares to surpass the $0.075 barrier. 

Key technical points:
<ul>
 	<li style="font-weight: 400">TRX prices have increased by 4.76% in the last 24 hours.</li>
 	<li style="font-weight: 400">The RSI values present an increasing bullish influence on the price trend.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Tron is $1.031 Million, reflecting an 8% rise. </li>
</ul>
<h2>Past Performance of TRX</h2>
<a href="https://www.cryptoknowmics.com/news/tron-soaks-selling-pressure-will-trx-find-support-at-0-07/">TRX</a> prices experienced a surge in buying pressure with the start of April, resulting in a bullish spree above the 200-day EMA and reaching $0.085. The bull run accounted for a price jump of more than 35% within the first week of April. However, due to the LUNA controversy, the market value of TRX declined sharply, undermining all the bullish growth and reaching the 50-day EMA.

<img src="https://s3.tradingview.com/snapshots/b/BZeVn5zl.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/BZeVn5zl/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>TRX Technical Analysis </h2>
After approaching the 50-day EMA, we can see a halt in the downtrend and an increased number of bullish breakout attempts above $0.075. The recent effort shows a 4.76% bullish engulfing candle breaching the 200-day EMA with increased trend momentum.

The crucial daily EMAs maintain a sideways flat trend, but the recent 100 and 50-day EMA bullish crossover projects a rise in underlying bullishness. Moreover, the declining bearish spread between 50 and 200-day EMA increases the chances of golden crossover.

The RSI indicator increases bullish influence on the price trend as the RSI slope hikes above the halfway line with a parabolic recovery. Hence, the surcharge in RSI values increases the chances of a bullish breakout.

The MACD indicator reflects a rise in the fast line after a steep downtrend projecting a high likelihood of a trend reversal bringing a bullish crossover. 

In short, the TRX technical analysis projects a much more likely scenario of a bullish breakout.
<h2>Upcoming Trend</h2>
TRX prices will surge higher with an extreme rise in trend momentum upon the $0.075 breakout to retest the $0.085 high. Moreover, the increased speed makes a much more likely possibility of a bullish breakout to reach $0.10. However, a reversal back to 50-day EMA can be seen upon bullish failure.

Support Levels: $0.065 and $0.057

Resistance Levels: $0.075 and $0.085

TRX Technical Analysis: Bullish Reversal Prepares 15% Hike

TRX prices reflect an increase in the underlying bullishness as the growing market value prepares to surpass the $0.075 barrier. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

TRX Technical Analysis: Bullish Reversal Prepares 15% Hike

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