TRON continues its upward move, supported by steadily increasing network usage. Currently trading around $0.36, TRX shows sufficient momentum, even if it’s not extremely aggressive. As the price pushes above the upper Bollinger Band, its upward momentum has strengthened.
However, this overextension increases the likelihood of a pullback. While the ongoing momentum makes further gains likely, the risk of a correction is also building. If momentum slows to a pause, potential pullbacks could provide attractive entry levels for building long positions.
Written by BorisVest
