TRON has been one of the most interactive blockchains, and its native token TRX is one of the top 15 cryptos of the market. TRON, as a blockchain platform, comes up with many updates making it one of the most active crypto projects.
Additionally, the recent spike in the price of TRX coin is exhibiting a complete bullish bias in the market as the team, and the foundation works effortlessly to make it one of the greatest ecosystems of the crypto market.
![Tron (TRX) Price News](https://www.namecoinnews.com/wp-content/uploads/2020/08/TRX-Price-Chart.jpg)
TRX, at the press time, was trading at $0.0295 after breaching a 13-month high at $0.0326. With the recent strengthening and bullish candlewick, the price of TRX/USD is breaching the upper Bollinger Band.
TRON, therefore, is holding a strong support from SMA50 & SMA200 at $0.016 & $0.017 price, thereby, serve to be the major support area. With the widening of 20-day bands, we project a volatile movement in the near-term.
Moreover, the currency was drawing a notable uptrend after the major market crash in March until a steep surge took place in the TRX price, where it gained massively from $0.019 to $0.032. The MACD of TRON is drawing a bullish crossover. In this regard, the RSI s breaking the major overbought zone and lies at 83.05. According to TRON forecast, the coin might cross $0.040 mark as it has already breached 13-month resistance.