TRON prepares for a new mainnet upgrade, incoming breakout?

TRON prepares for a mainnet upgrade that will strengthen its security and make it easier for developers to build on top of the network.

TRON is one of the largest blockchain-based operating systems in the world.

TRON advertises its protocol as a scalable, high-availability, and high-throughput computing layer that serves as the foundation for decentralized applications.

As part of its routine improvements, the TRON Foundation announced in a blog post that TRON will go through a mainnet upgrade on June 18.

With the Odyssey-V3.1 upgrade back in October 2018, Justin Sun, the founder of TRON, stated that TRX will be faster than Ethereum and cheaper than EOS. Now, with Odyssey-V3.6 he believes that it will be more secure and easy to work with than other smart-contract blockchains.

Based on community consensus, #TRON will be upgrading to Odyssey 3.1 at 8pm SGT. The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era.

TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you! $TRX. - Justin Sun October 8, 2018.

The upgrade comes at a time when TRON prepares to celebrate its first "Independence day" anniversary.

The 7-three-day MA has been acting as a strong point of resistance and failing to trade above it could take TRON down to the 30 or 50-three day MA. This cryptocurrency has been trading above the middle Bollinger Band since June 15.

If TRON breaks the $0.034 resistance level with enough volume, it could go as high as $0.038, which is the target given by the bullish formation.