Tron (TRX) is trading slightly bullish after experiencing somewhat choppy trading earlier today, following significant volatility through the past week which saw its prices strengthen by over 25%. The weekend, however, saw its price decline by over 3%, but it registered some gains since early trading on Monday.

At the time of writing, TRX/USD is trading at around $0.133, sitting right above a key resistance level, indicating a sense of cautious optimism among its traders. As long as Tron’s price holds above the $0.13 level, there is hope for the bullish momentum to strengthen in the near future, as it did back in February, and increase buying interest to attempt a break above the immediate resistance.

However, even if buying pressure builds up enough to give this level a test, a failure to break past it could send prices crashing below $0.13 and towards the support which currently holds at around $0.124. So long as investors don’t resort to panic selling, we could see Tron’s price trade between $0.12 and $0.13 for some time until investor confidence rises and an attempt to challenge the resistance reoccurs.

Although, in case of a sharp sell-off driven either by high volatility in the overall crypto market or failure to gather enough buying interest for TRX, we could very well see Tron fall below the $0.12 level in the near-term. Technical indicators MACD and RSI are also indicating weak interest in this digital asset among investors, offering a neutral to bearish bias in the price action for now.