Tron Price Prediction: TRX Trends Horizontally Around $0.064
Daily TRON TRX Technical Analysis
- Tron price sits on top of 50-day SMA.
- TRX flashes multiple buys signals in the 4-hour timeframe.
The Tron price is presently trending horizontally around $0.064 above the 50-day SMA. Previously, Tron dropped from $0.067 to $0.050 between July 5 and July 20. During the drop, the sellers flipped 20-day SMA and parabolic SAR to bearish.
Tron Price Moves Sluggishly
The Tron price has been trending horizontally around $0.064 over the past three days. Previously, TRX jumped from $0.050 to $0.063 between July 21 and July 30. During this jump, TRX managed to:
- Flip the 20-day and 50-day SMAs from resistance to support.
- Reverse the parabolic SAR from negative to positive.
- Flip MACD from bearish to bullish.
Image: TRX/USD daily
In the 4-hour Tron price chart, we can see that TRX has found healthy support at the base line of the Ichimoku indicator after flipping the 20-bar SMA from support to resistance. Both the Ichimoku indicator and Elliott Wave Oscillator indicate positive market sentiment.
Image: TRX/USD 4-hour
Tron Price Is Expected To Reach These Levels
The Tron price will probably keep trending above the 50-day SMA for a couple of days around $0.064.