SEC Capitulation Pushes TRX Towards $0.10
Tron (TRX) added 12% to $0.095 in the last two weeks of October, erasing losses earlier this month. Most of the recent rally is closely associated with a spot Bitcoin-ETF rally. It helped TRX test an important resistance at $0.090 per token. The second half of the rally happened after the U.S. Securities and Exchange Commission (SEC) dropped its claims against two Ripple executives. Investors believe that the SEC-Ripple case would force the Commission to lower regulatory pressures on Tron too. Nothing now stands between TRX prices and $0.10 resistance that could be passed. The altcoin has already passed half of this way to $0.095 and may cross the rest of the distance soon.
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