Tron Price Analysis: TRX Flashes Buy Signals In The Daily Chart

Daily TRON TRX Price Forecast

Last Updated July 23rd 2021
1 Min Read
  • The Tron price has reversed the MACD from bearish to bullish.
  • TRX has reversed the parabolic SAR from positive to negative.
  • The Tron price has jumped from $0.068 to $0.078 over the last four days and has flashed multiple buy signals. Prior to this, the Tron price jumped up from $0.0676 to $0.077 on May 30 and May 31, gaining $0.01 in its overall valuation. However, following this jump, the bears have corrected the price to $0.075. 

    Tron Price Flashes Multiple Buy Signals

    The Tron price had three bullish sessions out of the last four days. As a result, TRX has flashed two major bullish signs. FIrstly, Tron has reversed the parabolic SAR from negative to positive. Secondly, TRX has also reversed the MACD from bearish to bullish. 

    Image: TRX/USD daily

    Tron TRX Daily Chart

    In the 4-hour Tron price chart, TRX still has three more candlesticks to go before they flash the green-nine candlestick. The relative strength index (RSI) also shows that Tron still has some more space to grow before getting overvalued.

    Image: TRX/USD 4-hour

    Tron TRX 4-Hour Chart

    Tron Price Is Expected To Reach These Levels

    If the buyers continue to take control of the Tron price, they will be able to push TRX up to the $0.084 resistance barrier.

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