• According to CoinMarketCap, TRON (TRX), is one of few coins that has seen its price rise in the past 24 hours and 7 days.
• TRX’s current price is $0.06719. It has risen by 5.72% within the last 24 hour.
• TRX’s price has been posting higher highs than lows over the past few days, which may be a signal of bullishness.

According to CoinMarketCap, TRON (TRX), is one of few coins that has seen its price rise in the past 24 hours and 7 days.

TRX’s current price is $0.06719. It has risen by 5.72% within the last 24 hour. This week, TRX has seen a positive change in its weekly performance with a 2.5% increase in price.

Ranked number 21 on CoinMarketCap’s list in terms of market cap, TRON has a market cap of $6,829,028,856. It is now listed under NEAR Protocol, (NEAR), and above (LTC).

The 24-hour volume for TRX has fallen slightly to $1,362,349,206, which is an approximate 2% drop in TRX’s trading volume.

TRX price in sloped parallel channel (Source: TradingView)

The daily chart of TRX shows an upward-sloped parallel channel. TRX has made higher highs than lows over the past 1-2 weeks. The TRX may be beginning a short-term bullish trend.

If you look at the candle patterns, this bullish trend could be continued. Yesterday’s closed red candle is engulfed by today’s current green candle. Should today’s candle close with a higher close than open and continue to engulf the previous candle, then it could signal that the price may continue to rise.

Given the magnitude of today’s upwards price move, it is likely that the next candle will be a retracement. If the retracement is smaller than today’s move, then the bullish move should be confirmed for TRX. The next price target is $0.07 if the bullish move has been confirmed.

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