TRON makes a great start to June after its advance in May

Tron was one of the best-performing cryptocurrencies last month and has extended its positive performance into the new month.

The cryptocurrency market has receded some of its previous gains after losing just under 1% of its value in the past 24 hours. Despite the bearish trend, the aggregate cryptocurrency market cap is still above $1.3 trillion.

TRON TRX is one of the few top performers in the market, and its price has surged by more than 5% in the last 24 hours.

TRON’s price rally comes after a strong month of May in which the cryptocurrency gained more than 25%. TRON’s price is now trading above $0.30, and its market cap has surged past $24 billion.

After adding just under 1% to its value thus far today, Bitcoin maintains its price at $31,500. Ether, on the other hand, has dropped by 1.6% in the last 24 hours but remains above $1,900.

TRON’s native token TRX is one of the few top performers in the market, and its price has surged by more than 5% in the last 24 hours. TRON’s price rally comes after a strong month of May in which the cryptocurrency gained more than 25%. TRON’s price is now trading above $0.30, and its market capitalization has surpassed $21 billion.

The coin’s recent price rally can be attributed to several factors, including the launch of TRON 4.0, the upgrade to the TRON network that introduces a host of new features and improvements. TRON 4.0 was launched on May 31, and since then, TRON’s

The above figures demonstrate that the spectacular results are just an extension of what the cryptocurrency achieved in May. TRX was one of the most successful cryptocurrencies last month, with Bitcoin and others recording large losses.

TRON was not spared the sell-off that affected the entire market in early May, but it quickly recovered and went on to post double-digit gains.

The TRON Foundation has been aggressively marketing the TRON network and TRX token. The organization has partnered with some of the biggest names in the crypto and blockchain space, including Binance.

Last month was a busy one for Tron, with the USDD stablecoin’s release, the Tron Grand Hackathon, and a slew of other events boosting TRX.

TRON is off to an excellent start in June, with TRX trading at $0.04 on June 1. TRX is up over 5% in the last 24 hours and is one of the top performers in the market today. TRON’s positive momentum is likely to continue in the days ahead as the Foundation continues to ramp up

Critical levels to watch

Thanks to Tron’s ongoing good performance, the TRX/USDT 4-hour chart is presently bullish.

Data Source: Tradingview

The MACD line is in a positive area, suggesting that the momentum is growing. If the rally continues, TRX’s 14-day RSI might reach overbought levels, according to the 60-day RSI of 64.

If TRX can sustain its current momentum, it could test resistance at $0.0455, which is a key level to watch. If TRX breaks above this level, it could target the next resistance levels at $0.05 and $0.055.

At the time of this writing, TRX was trading at 0.086488 dollars per token. If the bulls maintain dominance, TRX could rush past the first major resistance level at $0.0925 before the end of the day.TRX’s price is up 12.8% in the last 24 hours.

TRON had an excellent month in May, and it looks like the positive momentum is continuing into June. TRX’s 14-day RSI is currently at 62, which suggests that the coin is not yet overbought. If TRX can sustain its current momentum, it could target the next resistance levels at $0.10 and $0.11 in the coming weeks.

A long-term bull run may see TRX rise to a level of $0.1 for the first time this year.