<strong><em>TRX price action shows a price jump as the recovery rally surpasses the $0.063 mark. Will the price exceed the overhead resistance to reach $0.070?</em></strong>
<h3><strong>Key technical points:</strong></h3>
<ul>
 	<li>The TRX market price has decreased 3.37% over the past 24 hours.</li>
 	<li>The price action shows the Doji candle retesting the $0.063 breakout.</li>
 	<li>The 24-hour trading volume of Tron is $675 Million, indicating a drop of 7.85%.</li>
</ul>
<h2>Past Performance of TRX</h2>
The last crypto crash caused a sharp fall in the <a href="https://coincodex.com/crypto/tron/">TRX prices</a> to a minimum of $0.047, accounting for a 45.5% loss. However, the price trend took a bullish turnaround resulting in a recovery rally surpassing the $0.063 mark. However, the higher price rejection in the daily candles displays a retest phase.

<img src="https://s3.tradingview.com/snapshots/w/wSlUq5gV.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/wSlUq5gV/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">TRX Technical Analysis </span></h2>
Today, TRX's price is up by 1.39% and is teasing a post-retest reversal rally from the $0.063 mark. Hence, traders can find bullish entry spots at the current market prices.

<b>MACD indicator:</b> The fast and slow lines showcase a bullish reversal teasing a potential reversal. Hence, traders can find the indicator displaying a buy signal rise of bullish histograms with the new crossover.

<b>Bollinger Bands: </b>The price jumps from the lower band, but the upper band takes a harsh toll resulting in a converging phase.

<b>RSI indicator:</b> The daily-RSI slope surpasses the oversold area and overtakes the 14-day SMA line. Hence, the indicator displays a gradual rise in the underlying bullishness.

In a nutshell, the <a href="https://www.cryptoknowmics.com/news/trx-technical-analysis-0-086-is-the-maximum-possible-growth-target-so-far/">TRX</a> technical analysis displays a high likelihood of a price jump.
<h2><span style="font-weight: normal">Upcoming Trend</span></h2>
From the bullish perspective, the upward trend will result in reaching the $0.7 mark, representing the equivalent of a 10% price increase. However, a fallout rally will surpass the psychological threshold of $0.050 to push the price to the $0.046 mark.

<strong>Resistance Levels:</strong> $0.070 and $0.090

<strong>Support Levels:</strong> $0.060 and $0.050

TRX Technical Analysis: Will Tron Prices Rise Above $0.070?

TRX Technical Analysis shows a price jump as the recovery rally surpasses the $0.063 mark. Will the price exceed the overhead resistance to reach $0.070?

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: Will Tron Prices Rise Above $0.070?

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