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Tron Price Analysis: TRX Crashes After Failing At The $0.15 Line

Daily TRON TRX Price Forecast

3 Min Read
Last Updated April 7th 2021
  • The Tron price has re-entered the Bollinger Band.
  • The parabolic SAR has flipped from positive to negative.

Between March 26 and April 5, the Tron price bounced up from the 20-day SMA and jumped from $0.055 to $0.136 between. During this upward surge, TRX managed to climb above the Bollinger Band, before encountering a barrier at the $0.136-level.

 

Tron Price Faces Correction As RSI Makes Back Inside Neutral Zone

The Tron price dipped from $0.125 this Tuesday, as TRX re-entered the Bollinger Band. The relative strength index (RSI) was trending in the overbought zone before the recent dip forced TRX to dip back into the neutral territory.

Image: TRX/USD daily

Looking at the 4-hour Tron price chart, we can see that TRX failed at the $0.147 resistance barrier and crashed to the 20-day SMA. A further drop is expected since this chart has flashed three sell signals:

  • The MACD shows increasing bearish market momentum.
  • The parabolic SAR has reversed from bullish to bearish.
  • The chart has five consecutive bearish candlesticks.

Image: TRX/USD 4-hour

Decentralized Casino Launches On TRON

Blockchain-based casino Playza has recently launched on the TRON network. Playza facilitates transparent online gaming experiences for crypto users in eligible jurisdictions. The company claims to have no sign-ups, withdrawals, deposits, and forms to fill out.

At launch, Playza will exclusively support TRON and TRX tokens for deposits. It plans to add further support for digital assets such as ETH and EOS in the future. Users can play slots, roulette and other betting games by connecting to the platform via the TRONLink crypto wallet.

Through Playza, players can eliminate the middlemen and act as their very own custodian. The launch of a comprehensive decentralized gambling platform removes the need for users to fill out invasive forms or verify their identity. Playza said that players only need to connect TRONLink, fund an account and start gaming. 

While there is no native Playza token, the firm plans to distribute dividends to the most active players for 10% of the total revenue accumulated. The casino does not have minimum/maximum deposit limits for any of its featured games and all deposits and withdrawals are processed immediately.

Billy Nguyen, chief operating officer at Playza said: 

We at Playza are excited to provide the gambling and crypto communities the most restriction free experience ever imagined! Using cutting edge TRONLink technology, we put the user in the driver’s seat, controlling every aspect of their balance and play from their personal wallets to our games.

 

Tron Price Is Expected To Reach These Levels

The Tron price will likely keep trending below the upper Bollinger band.

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