Are you preparing to launch towards the previous high? $TRX
TRON price is currently in a strong consolidation phase after bouncing off the $0.20 support level. Is this a sign of an upcoming bullish wave? (Attention-grabbing and questionable introduction)
Technical Analysis:
The recent Hammer candlestick pattern indicates a strong bullish position in the market, which reinforces the bullish outlook for TRON price. If the current resistance level is broken, the price could target the previous high at $0.45. (Brief and clear technical analysis)
Support and resistance levels:
Important support levels:
$0.20 (current support level)
Target resistance levels:
$0.29
$0.35
$0.45 (previous high)
Conclusion:
TRON is going through a crucial phase. Investors should closely monitor the price action and be ready to seize the opportunity if the uptrend is confirmed.