TRON (TRX) has shown renewed strength in recent days after bouncing off a key support zone. According to Crypto Yoda, the TRON price seems to be picking up its technical legs as it bounces off an important demand zone from where it last saw its major surge.
This particular area attracts buyers' attention all the time, signaling that accumulation might be happening. The technical chart suggests buyers are managing to defend support levels and stabilize the downtrend for the TRON price.
If the TRON price sustains this level, it could mean that the next stage of the uptrend formation is imminent. In case the TRON price maintains this level, it can open the door towards further resistance levels around $0.38-$0.40.