TRX Price Coils Up for Break: Which Direction Will It Take?

TRON's TRX token is currently in a state of compression at $0.34, which is a sign that price movement is building up and may soon break out to either the upside or downside.

The Bollinger Bands have narrowed significantly, with the upper and lower boundaries barely a penny apart, and the price sitting right in the middle.

According to Joerg Hiller, TRX's 24-hour gain of just 0.80% on a trading range of only a cent indicates thin participation levels, making it vulnerable to a single institutional order flow shift.

The SMA 200 is currently at $0.33, which is the last line of defense for bulls, but even this level has been convincingly breached in the past.