Technical Analysis for TRXUSD for 18th October 2022
Tron Primed for More Upsides, TRX Resistance at $0.065
Past Performance of TRX
Tron Technical Analysis
TRX prices are consolidating inside a bull bar, placing buyers at the upper hand from volume analysis. Still, conservative traders may want to wait for a clean close above $0.065, with rising volumes confirming the demand of October 14. Risk-on traders may load the dips, in that case, targeting H2 2022 highs at $0.072. If not, any drop below last week's lows may negatively impact traders, forcing the coin back to Q3 2022 lows.
What to Expect from TRX
The crypto market might recover, and TRX may ride the wave, lifting the coin from around 2022 lows. A signal pointing to recovering markets is when Tron pierces above September highs with expanding volumes, confirming the end of last week's gains.
Resistance level to watch: $0.065
Support level to watch: $0.060
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