Tron Price Prediction: TRX Can Go Up For Two More Sessions, As Per Indicator
Daily TRON TRX Technical Analysis
- TRX is still sitting under the 50-day SMA.
- MACD shows sustained bullish market momentum.
The Tron price had a bearish session following eight consecutive bullish sessions this Thursday. Prior to this rally, Tron had dropped from $0.067 to $0.050 between July 5 and July 20. Let’s take a closer look with technical analysis.
Tron Price To Have Two More Bullish Sessions
Over the last nine days, the Tron price has jumped from $0.050 to $0.061. During this jump, Tron flipped the 20-day SMA from resistance to support. As things stand, TRX is sitting under the 50-day SMA. As per the TD sequential detector, Tron could have two more bullish sessions before flashing the bearish green-nine candlestick. The MACD indicates that the current market sentiment is positive.
Image: TRX/USD daily
In the 4-hour Tron price chart, we can see that TRX down has triggered the following buy signals:
- Flipping the 200-bar and 20-bar SMAs from resistance to support.
- Reverse the parabolic SAR from negative to positive.
The relative strength index (RSI) indicates that Tron can potentially rise some more.
Image: TRX/USD 4-hour
Tron Price Is Expected To Reach These Levels
The Tron price has to recoup and conquer the 50-day SMA to continue the upward surge. Crossing this level will help Tron acquire a healthy support wall to stop a future correction.