Bitcoin and other top crypto tokens were trading firms on Wednesday after a correction. Traders shrugged the US SEC’s lawsuit against the crypto exchange Binance. Even with a few zigzags along the way, bitcoin shook off to move higher during the day.
Tron (TRX)is one of the few coins that is still in green on a weekly basis. The TRX/USD pair is currently attempting a rebound to break the $0.080 resistance level. The asset is currently trading well above the 200-day and 20-day moving averages, which could be interpreted as a good sign for its mid-term trend.
Image: Chart-TRX
TRX’s RSI reading is currently at 58.5, which indicates that the asset is in between neutral and bullish territory.If TRX is unable to break through the $0.080 barrier, the price may fall. The most recent low (about $0.075) serves as an early support level, with the $0.067 zone providing the next line of defence.
Major Levels:
Support: $0.075, $0.067
Resistance: $0.080, $0.086(Views and recommendations given in this section are the analysts’ own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)
