The 11th largest cryptocurrency recovered 2% today, but it failed to maintain any upward momentum. TRX rose to $0.0200 today, which was a major resistance level for the cryptocurrency. But the price failed to sustain at that level as it dropped to $0.00198 at the time of writing.
On the daily chart, $0.0200 sets a strong psychological resistance level for TRX. According to trend analysts, the longer the price stays below this level, the less likely it is to see any positive momentum in the short term.
If the TRX manages to break above the resistance level soon, then the price can be expected to surge, and the next target would be at $0.0224. Currently, TRX is the 11th largest cryptocurrency with the market cap of $1,311,907,030 and a 24-hour trading volume of $942,072,535.