Tron’s value has held steady, with recent gains pushing the price above the $0.1120 support level, peaking at $0.1170—a 3% rise. TRX is now solidifying its gains above the 23.6% Fibonacci retracement level of its latest rise, maintaining a position above $0.1160 and the 100-hourly simple moving average.
Supported by a bullish trend line at $0.1160, Tron faces immediate resistance at $0.1170, with significant hurdles at $0.1180 and $0.1200. A successful breach of $0.1200 could usher in further gains. However, if Tron fails to overcome $0.1200, a downward correction might set in, with support levels at $0.1160 and $0.1150.
