Tron reaches 2021 price levels

Source: Dukascopy Bank SA


While most cryptocurrencies have been in a cooldown mode, few cryptocurrencies have seen steady performance in price action. One of which is TRON (TRX).

Tron has reached market capitalization over 13.5 billion dollars. Overall Year to Date TRX gains have reached over 50%, as well outperforming BTC by 4.2% year-to-date.

Tron has found support of 0.14868 which has been a resistance for multiple years. 50-day SMA level has been acting as a short-term support, pushing the price upwards. 100-day SMA, 200-day SMA have been broken since the beginning of August.

In the meantime, if the Cup pattern is validated, higher highs could occur, reaching a new possible level while breaching current resistance of 0.16698
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