The altcoin market posted gains over the weekend. The market cap of altcoins (crypto assets excluding Bitcoin and Ethereum) rose 5% from $301.5 billion to $316 billion.

TRON invalidated a bullish idea laid out recently after slipping beneath the belt of support at $0.053. Its recovery and move higher to the resistance above $0.057 meant sellers could take short-term control, and the prices could continue to trade within the past month’s important levels.

The area of support at $0.052, highlighted by the cyan box, was broken in the past few days. In doing so, the price also broke beneath the previous low at $0.0533, flipping the structure bearish. Since then, TRX has recovered to climb back above the $0.053 level.