- Over the last ten days, the Tron price has flipped the 20-day SMA from support to resistance.
- TRX has only had 2 bullish sessions out of the last ten.
Ten days back, on April 16, the Tron price faced tremendous resistance at the $0.165 line and has dropped by $0.056 to $0.109. During this downward surge, TRX managed to flip the 20-day SMA from support to resistance. Let’s take a closer look with technical analysis.
Tron Price Has Dropped By 34% Over The Last 10 Days
This Sunday, the Tron price managed to have only its second bullish day over the last ten days. The MACD shows increasing bearish momentum, which shows that TRX may drop some more. However, the TD sequential detector is on the verge of flashing the buy signal in the form of a red-nine candlestick. So this shows that the bulls may take control in the future.
Image: TRX/USD daily
The 4-hour Tron price chart also showcases this bullish momentum. Firstly, the parabolic SAR has flipped from bearish to bullish. Secondly, the 20-bar and 200-bar SMAs have reversed from resistance to support.
Image: TRX/USD 4-hour
Tron Price Is Expected To Reach These Levels
If the buyers take control, the Tron price will probably jump up to 20-day SMA ($0.128).