The TRX/USD tested a new weekly high at 0.016-fiat, according to data available at BitFinex, before correcting lower towards 0.0144-fiat, an intraday support. It should be more likely a bull flag formation, meaning the pair should continue trending upwards in near-term. However, there are still many crucial resistance levels to keep an eye on, beginning with 0.0162-fiat, a high established during the November 20 rebound attempt. It had strongly rejected the advances made by the bulls, a characteristic that could impact the ongoing rally as well.

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