Tron Price Prediction: TRX Sandwiched Between Tough Levels

Daily TRON TRX Technical Analysis

Last Updated July 23rd 2021
1 Min Read
  • Tron price volatility is currently pretty low.
  • TRX in the 4-hour timeframe shows positive sentiment.
  • From June 4, the Tron price has been continuously stuck underneath the 20-day SMA. Since that time, TRX crashed from $0.0826 to $0.070. Looking at the daily chart, Tron has been trending between $0.082 to $0.0675 since May 25.

    Tron Price Volatility Has Gone Down

    When you look at the daily Tron price chart, we can see that the Bollinger Band has constricted considerably and the price is right now trending in a narrow channel. TRX is right now trapped between 20-day and 200-day SMAs.

    Image: TRX/USD daily

    TRX/USD daily chart 061521

    In the four-hour Tron price chart, we can see that TRX has flashed three different buy signals:

    1. The MACD shows increasing bullish market momentum.
    2. The parabolic SAR shows positive market sentiment.
    3. TRX has flipped the 20-bar and 50-bar SMAs from resistance to support.

    Image: TRX/USD 4-hour

    TRX/USD 4-hour chart 061521

    Tron Price Is Expected To Reach These Levels

    As things stand, the Tron price will probably keep hovering between the 20-day and 200-day SMAs. TRX will probably keep trending around $0.070.

Top Brokers in
    All Regulated Brokers
    67% of retail clients lose money when trading CFDs with this provider.