Tron Price Prediction: TRX Tries To Conquer 20-day SMA Again

Daily TRON TRX Technical Analysis

1 Min Read
Last Updated July 23rd 2021
  • Tron price volatility is currently going down significantly.
  • The 4-hour chart has reversed parabolic SAR from negative to positive.
  • After encountering resistance at the 20-day SMA on June 4, the Tron price tumbled from $0.0817 to $0.068 till June 12. Following this drop, TRX has been trending horizontally between the 20-day and 200-day SMAs.

    Tron Price Retests 20-day SMA

    Since June 13, the Tron price has been retesting the 20-day SMA repeatedly and hovering horizontally between the 20-day and 200-day SMAs. The MACD shows sustained bullish market momentum. However, the Bollinger Band shows decreasing volatility, so don’t expect any sudden jumps.

    Image: TRX/USD daily

    TRX/USD daily chart 061821

    In the four-hour Tron price chart, TRX has flashed three different buyl signals:

    1. Tron flipped the 20-bar and 50-bar SMAs from resistance to support.
    2. The parabolic SAR has flipped from negative to positive.

    Image: TRX/USD 4-hour

    TRX/USD 4-hour chart 061821

    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.