Tron Price Prediction: TRX Stuck Between Crucial Levels In Daily and 4-hour Time Frame

Daily TRON TRX Technical Analysis

Last Updated July 23rd 2021
1 Min Read
  • Tron price volatility is going down even further.
  • TRX is on the verge of reversing the parabolic SAR.
  • The Tron price has crashed from the $0.0826 resistance barrier and reached $0.077. Before this crash, TRX had jumped from $0.0686 to $0.0826 between May 30 and June 3. Let’s take a closer look at technical analysis.

    Tron Price Creeps Back Above $0.070

    Following a bearish Monday, the buyers managed to eke out an advantage over the next two days. As such, the Tron price has crept back above $0.070. While the MACD shows sustained bullish momentum., The Bollinger band has constricted considerably over time, to show decreasing price volatility.

    Image: TRX/USD daily

    TRX/USD Daily chart 061021

    Looking at the 4-hour Tron price chart, TRX has jumped from $0.0683 to $0.073 over the last six sessions. Due to this jump, the RSI has bounced up from the edge of the oversold zone and is presently hovering around the neutral zone. As things stand, Tron is stuck below the 50-day SMA. Upon break past this wall, TRX will reverse the parabolic SAR from negative positive.

    Image: TRX/USD 4-hour

    TRX/USD 4-hour chart 061021

    Tron Price Is Expected To Reach These Levels

    Since June 4, the Tron price has met repeated resistance at the 20-day SMA. It seems highly unlikely that TRX is going to break past this level any time soon.

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