Tron Price Prediction: TRX Volatility Goes Down Following Bearish Correction
Daily TRON TRX Technical Analysis
- The Bollinger Band in the daily Tron price chart has started contracting.
- The 4-hour chart has flashed multiple buy signals.
- The parabolic SAR has flipped from positive to negative.
- The MACD shows increasing bearish market momentum.
Between April 26 and May 5, the Tron price rose from $0.102 to $0.146, gaining almost $0.044 in its overall valuation. After struggling to cross the 20-day SMA, TRX finally managed to break through this Wednesday but met strong resistance.
Tron Price Faces Resistance $0.146
The Tron price dropped to $0.139 after failing to conquer the $0.146 resistance barrier. Interestingly, the Bollinger Band has started constricting which shows that price volatility is going down, so don’t expect any sudden movements. The relative strength index (RSI) has dipped back into the neutral zone.
Image: TRX/USD daily
In the 4-hour Tron price had two bearish sessions after six straight bullish candlesticks. However, the overall sentiment is positive since:
Image: TRX/USD 4-hour
Tron Price Is Expected To Reach These Levels
The Tron price will still need to take down the $0.145 resistance barrier and reach the $0.15 level.