Tron Price Prediction: TRX Can Go Up For Two More Sessions, As Per Indicator

Daily TRON TRX Technical Analysis

Last Updated July 30th 2021
1 Min Read
  • 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

TRX/USD daily chart 073021

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

TRX/USD 4-hour chart 073021

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.

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