Tron Price Analysis: TRX Pushes Past $0.115 After Bullish Weekend

Daily Tron Technical Analysis

Last Updated November 15th 2021
3 Min Read
  • The Tron price saw a significant increase over the weekend, as buyers pushed the price to $0.115
  • The current session sees TRX up to $0.116, with sellers firmly in control. 

The Tron price made a strong recovery over the weekend after failing to push to $0.115 on Friday. TRX had pushed up by 1.64% on Thursday but could not sustain the bullish momentum on Friday, as the price fell into the red after reaching a high of $0.111. The price recovered on Saturday, as buyers pushed the price to $0.112, with TRX registering an increase of almost 4%. The current session sees the price up by over 3%, with buyers looking to push the price past $0.116. 

Tron Price Indicates TRX Could Push To $0.120 

The Tron price started the previous weekend on a slightly bearish note, as the price dropped marginally on Friday. TRX remained bearish on Saturday, registering another marginal drop before pushing up on Sunday and ending the week at $0.105. TRX started the week on a bullish note, however, pushing up by 4.77% on Monday, settling at $0.110, before rising by another 3.96% on Tuesday and climbing to $0.114. However, the price failed to push past this level on Wednesday, as it dropped by over 6% and settled at $0.107.

Image: TRX/USD daily chart 111521

Image: TRX/USD daily

After dropping to $0.107 on Wednesday, the Tron price recovered on Thursday, pushing up to $0.108, before dropping marginally on Friday by 0.44%. TRX recovered from this minor drop on Saturday, as the price surged by almost 4%, pushing TRX up to $0.112. The current session saw a further increase, with the price currently up by almost 4%, as buyers look to push the price to $0.120. With the Parabolic SAR and MACD both currently bullish, we could see the price push up further.

Image: TRX/USD 4-hour chart 111521

Image: TRX/USD 4-hour

Looking at the 4-hour Tron price chart, we can see that TRX had pushed up drastically after it fell to $0.100 on the 6th. From this level, the price surged past the 20 and 50-bar SMAs, as it pushed up to $0.116. TRX could not stay at this level as the price turned bearish, slipping below the 20-bar SMA and settling at $0.107. With the 20-bar SMA now acting as resistance, the price could not push past $0.110 and dropped to $0.106.

The price made a strong recovery from this level, as it rose to $0.112 and then to its current level of $0.117. We can see that the Parabolic SAR and MACD are both bullish, indicating a price increase.

Tron Price Is Expected To Reach These Levels

Looking at the Tron price chart, we can see that TRX has made a strong recovery over the weekend. If the current sentiment persists, then we could see TRX push to $0.120.

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