Tron looks set to touch new highs after trading bullish over the past month, buoyed by the recent uptick in activity across the overall crypto market. In the last one month alone, Tron has strengthened by nearly 200% and is fast gaining popularity among investors.

At the time of writing, TRX/USD is trading around $0.15 but appears to be holding somewhat steady in early trading today. In our recent prediction for this digital currency, we anticipated more room for growth in its price and the recent price action has gone in line with our forecast.

The uptrend is likely to continue in the near term with technicals suggesting that Tron’s price is currently sitting in oversold territory. This could indicate further interest among buyers, which could drive its prices higher soon and sustain its bull run for longer.

Key levels of interest

Watch out for resistance at the $0.18 level – overcoming this hurdle can increase buying interest and take its prices higher. However, if the resistance holds and buyer are unable to take Tron (TRX) higher, expect its price to come all the way down to $0.13 and then possibly down to $0.11 as well.