In recent times, TRON has performed well with drastic price movements that have come to the attention of investors in the crypto market.
Yesterday’s trading session, TRON has exhibited a 26% jump reaching its latest high of $ 0.1184.
At the same time, TRON is also working to launch several projects to develop and expand the use of TRX coins.
Since yesterday, TRON CEO Justin Sun has been teasing the TRON community on Twitter by deleting a tweet that there will be big news happening next week.
Big news of #TRX NEXT WEEK!
- Justin Sun 🅣🌞 (@justinsuntron) September 12, 2021
In addition, TRON and BitTorrent will also be collaborating on a new project called BitTorrent Chain that aims to overcome all the difficulties regarding TRON DeFi, NFT, and DApps.
Reports say it will launch on October 30, 2021.
In the meantime, let's look at the TRX/USDT price movement chart.
The September trading session, it can be seen Tron has generated 53% profit positively.
From a technical point of view, the price movement is seen to be showing a weak price movement and is heading towards the RBS (resistance become support) zone of $ 0.1040.
If the TRX price movement remains weak, the RBS $ 0.1040 zone should be tested first before continuing the decline to lower levels or it is just a retracement.
However, if TRX returns to show positive price movement, the $ 0.1160 resistance zone will be a target to test before making a higher rise.
At the time of writing, TRX is trading around the $ 0.107 level jumping over 8% in the last 24 hours.
