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Tron Price Analysis: TRX Stopped On Its Tracks Just As It Was About To Enter $0.10

Daily TRON TRX Price Forecast

1 Min Read
Last Updated April 2nd 2021
  • The MACD in the daily Tron price chart shows increasing bullish momentum.
  • The $0.093 resistance barrier has stopped TRX on its tracks.

On March 26, The Tron price found support at the 20-day SMA and jumped up from $0.055 to $0.093 towards the end of March 31. However, the march towards $0.10 psychological level has been blocked by the $0.093 resistance barrier.

Tron Price Stopped On Its Tracks By $0.093

This Wednesday, the Tron price jumped from $0.067 to $0.093, rising up by nearly 40%. In the process, TRX reached its highest level since May 2018. The MACD shows increasing bullish momentum, so TRX may make another foray towards the $0.10 zone. However, a further bullish rally may make TRON flash the sell signal in the form of a green-nine candlestick in the TD sequential detector.

Image: TRX/USD daily

trx/usd daily chart 040221

The relative strength index (RSI) in the 4-hour Tron price chart shows that TRX is present overvalued, since it is not trending in the neutral zone.

Image: TRX/US 4-hour

trx/usd 4-hour chart 040221

Tron Price Is Expected To Reach These Levels

Tron price will gather steam and aim for $0.10 again before dropping down.

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