Tron Price Analysis: TRX Flashes Buy Signals In The Daily Chart
Daily TRON TRX Price Forecast
- 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
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 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.