Here's why Tron [TRX] rallied before encountering resistance in its triangle pattern

Tron's native cryptocurrency TRX is off to a strong bullish start this month having already delivered an impressive 45% rally in the first five days. It is currently one of the best performers in the list of top cryptocurrencies by market cap.

Timeline of Tron

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After taking off from the $0.06-support, Tron (TRX) made impressive progress on its chart.

GENEVA--(BUSINESS WIRE)--On May 5, Justin Sun, Founder of TRON, announced on Twitter that the TRON DAO Reserve rolled out a decentralized stablecoin named USDD, which has so far been listed on Sunswap, Sun.io, Curve, Uniswap, Ellipsis, Pancakeswap, Kyb...

• Red TRON offers higher custody for crypto stablecoin than ERC-20• TRON DAO offers low commission transactions with stablecoin Recently, the TRON Company and token creator Sun Justin announced the development of the USDD coin within the TRON DAO platform. According to reports, not only the technology firm will be involved with the token, but.

GEM-TRX  is a uniquely-built cloud mining service made to ease the process of users renting out suitable hash power to mine crypto by paying an appropriate fee. This service is built on the Tron network, known for being a safe, efficient, and high-performance blockchain that is perfect for cloud mining.

[PRESS RELEASE – Please Read Disclaimer] Geneva, Switzerland / May 5 / – H.E. Justin Sun, Founder of TRON, has announced the launch of USDD through the TRON DAO Reserve on Thursday, May 5.

Tron which remained under the shadows of the other popular assets has showcased its acute strength over the past couple of weeks. The TRX price raised extremely high by more than 40% from its bottoms, slicing through 50-day MA & 200-day MA levels comfortably. Moreover, the price is now aiming to slash a zero from …

Tron (TRX) rallied to a five-month high earlier in today's session, as bulls continued to feed off recent news of the USDD stablecoin. While TRX climbed to multi-month highs, WAVES moved away from a two-month low today, as prices surged by as much as 15%. Tron (TRX) May the 4th was definitely with Tron on

On May 4th, the TRON(TRX) price spiked as we neared the launch of the USDD stablecoin. The sudden price jump rechallenged the resistance trendline of the flag pattern, provoking a bullish breakout.

Tron (TRX) has increased by 35% over the past four days, breaking out from a four-month pattern in the process. The post Tron (TRX) Breaks Out And Reaches New Yearly High appeared first on BeInCrypto.

The TRON (TRX) token is the biggest gainer among top cryptocurrencies in the past 24 hours, ahead of the launch of a new stablecoin. The TRX token price has surged by over 11% in the last 24 hours.