- Tron price rose from $0.066 to $0.116 over the last five days.
- TRX flashed a sell signal in the form of a green-nine candlestick in the TD detector.
Tron price has jumped from $0.067 to $0.116 over the last five days as the buyers took full control of the market. This Sunday, the price exploded by 10% going up from $0.10 to $0.11. Let’s take a close look with technical analysis.
Tron Price Under Full Bullish Control
The bulls have been in full control of the Tron price. Even though TRX has already flashed the sell signal in the form of the green-nine candlestick, it doesn’t look like the buyers are ready to give up control just yet. The MACD shows that the market momentum is becoming increasingly bullish.
Image: TRX/USD daily
Looking at the 4-hour Tron price chart, we can see that the market sentiment has flipped from bearish to bullish – around 4-5 sessions ago. The relative strength index (RSI) shows that TRX is still overbought. A bearish correction could be expected in this time frame.
Image: TRX/USD 4-hour
Tron Price Is Expected To Reach These Levels
Since Tron price is overvalued in the 4-hour chart, we can expect a slight correction to the $0.106 line.