Tron Price Prediction: TRX Tries To Conquer 20-day SMA Again
Daily TRON TRX Technical Analysis
- 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
In the four-hour Tron price chart, TRX has flashed three different buyl signals:
- Tron flipped the 20-bar and 50-bar SMAs from resistance to support.
- The parabolic SAR has flipped from negative to positive.
Image: TRX/USD 4-hour
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.