Tron Price Prediction: TRX Faces Correction After Breaching $0.15

Daily TRON TRX Technical Analysis

Last Updated July 23rd 2021
1 Min Read
  • Tron price sentiment is still positive as per MACD.
  • The RSI has dipped back into the neutral zone following correction.
  • Since March 26, the Tron price has nearly tripled in price, going up from $0.055 to $0.145. After struggling a bit at the $0.15 level, the Tron price has now jumped up to the $0.16 line and reached an intraday high of $0.168.

    Tron Price Finally Crosses $0.15

    Over the last ten days, the Tron price has faced rejection thrice at the $0.25 resistance barrier. The MACD shows sustained bullish market momentum, so the overall sentiment is positive.

    Image: TRX/USD daily

    trx/usd daily chart 041621

    Now, when you look at the 4-hour Tron price chart, we can see the recent dip has taken the relative strength index (RSI) from the edge of the overbought zone to the neutral territory. This shows that TRX may consolidate for a bit before making a jump.

    Image: TRX/USD 4-hour

    trx/usd 4-hour chart 041621

    Tron Price Is Expected To Reach These Levels

    The Tron price will likely consolidate around $0.145 before making a jump to $0.15.

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