Recently, Tron CEO and Founder Justin Sun announced that he had bought Bitcoin (BTC) worth more than $ 150 million at an average price of around $ 36,800 a few days ago.
Justin Sun is no stranger to decentralized technology, as CEO of BitTorrent and TRON, he has seen a very significant value in Bitcoin in terms of a strong network of currencies around the world. As such, he is very confident that BTC will continue to thrive in the future.
Examining the TRX/USDT chart, it can be seen that the TRX failed to break the $ 0.093 RBS zone on last weekend’s rise down 40% to a low of around $ 0.055.
If the TRX price movement manages to break the $ 0.093 resistance level, the next upside target is the SBR (support become resistance) zone around the $ 0.11 - $ 0.12 price to test.
However, if the TRX price falls even lower below the $ 0.060 support zone, the price will record the latest 2 -month low with expectations heading to the level of around $ 0.040.
At the time of writing, TRX traded $ 0.63 making an increase of over 16% from its lows.
