Tron Price Analysis: TRX Looks To Push To $0.070 After Weekend Push

Daily Tron Price Prediction

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Last Updated January 17th 2022
3 Min Read
  • The Tron price registered a fairly bullish weekend and is currently at $0.069. 
  • TRX has been fairly bullish in recent sessions and had pushed up by over 5% on Wednesday. 

The Tron price has pushed up by nearly 2% during the ongoing session as buyers look to push TRX above $0.070. TRX has been fairly bullish but registered a drop on Thursday, falling by 3.09% to $0.066. The price recovered on Friday, rising by over 2%, moving to $0.068. The weekend saw TRX continue to push higher, rising by 0.65% on Saturday and then to $0.069 during the current session, with buyers in control. 

Tron Price Chart Indicates TRX Could Push To $0.070 

The Tron price was quite bearish at the start of the previous weekend, dropping by 3.65% on Friday. Saturday saw TRX continue to drop, falling to $0.065 before registering a marginal recovery on Sunday and ending the weekend at $0.066. However, on Monday, TRX was back in the red, dropping by nearly 4% to $0.063, before recovering on Tuesday and moving to $0.064. Wednesday saw TRX continue to push higher, as it rose by over 5% and moved to $0.068.

Image: TRX/USD daily

Image: TRX/USD daily chart 011722

After rising to $0.068 on Wednesday, the Tron price fell back on Sunday, dropping by 3.09% and settling at $0.066. However, Friday saw the price back in the green, as buyers pushed TRX up by 2.52% as it rose to $0.068. The weekend saw TRX continue to remain bullish, as the price rose by 0.65% on Saturday and is currently up by over 1% as buyers look to push TRX past $0.070.

We can see that the MACD is currently bullish, indicating that the price could push higher.

Image: TRX/USD 4-hour

Image: TRX/USD 4-hour chart 011722

Looking at the 4-hour Tron price chart, we can see that TRX had pushed above the 20-bar SMA on the 12th, rising to $0.065. The price continued to push up from this level, rising to $0.068, where the 50-bar SMA was acting as resistance. As a result, the price fell back, dropping to $0.066 on the 14th. The price recovered from this level, pushing above the 50-bar SMA and rising to $0.067. With the 50-bar SMA now acting as support, the price continued to push higher, gradually moving to its current level of $0.069.

We can see that the Parabolic SAR and MACD are both bullish, indicating that we could see the price push higher.

Tron Price Is Expected To Reach These Levels

Looking at the Tron price chart, we can see that TRX has been quite bullish in recent sessions. If the current sentiment persists, we could see buyers push TRX past $0.070.