Tron Price Analysis: TRX Pushes Past $0.090, Looks To Move Past 20-Day SMA

Daily Tron Price Prediction

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Last Updated December 9th 2021
3 Min Read
  • The Tron price pushed above $0.090 during the ongoing session as buyers returned to the market. 
  • TRX had dropped significantly over the weekend, thanks to the marketwide selloff, slipping below $0.090 on Saturday. 

The Tron price continued to push up as it recovered during the ongoing week. TRX was extremely bearish over the weekend and had slipped by almost 8% on Saturday, going below $0.090 and settling at $0.087. The bearish sentiment continued on Sunday as TRX slipped below the 200-day SMA and settled at $0.084. However, the price recovered on Monday, pushing up by almost 4%. TRX continued to push up on Tuesday, moving up to $0.085, before pushing above $0.090 during the ongoing session. 

Tron Price Chart Indicates TRX Could Push To $0.095 

The Tron price was quite bullish at the start of the previous week, rising by 2.12% on Monday and moving up to $0.097. However, TRX fell back on Tuesday, registering a marginal drop. Wednesday saw more of the same as another marginal drop pushed the price down. However, the price pushed up on Thursday, pushing up by 0.60%, moving up to $0.097. TRX turned bearish on Friday, as the price dropped by almost 3%, falling to $0.094.

Image: TRX/USD daily chart 120921

Image: TRX/USD daily

The Tron price remained in the red over the weekend, as it fell by almost 8% on Saturday, dropping to $0.087. On Sunday, the price continued to drop, falling below the 200-day SMA and settling at $0.084. However, the price recovered from this level, as it pushed back above the 200-day SMA on Monday, rising to $0.087. TRX continued to push up on Tuesday, moving to $0.089. The current session saw TRX push back above $0.090, as the price rose to $0.93, with buyers looking to push it higher.

We can see that the Parabolic SAR is currently bearish, indicating that we could see the price drop. However, if the price increases, we could see it flip to bullish.

Image: TRX/USD 4-hour chart 120921

Image: TRX/USD 4-hour

Looking at the 4-hour Tron price chart, we can see that TRX had pushed up to $0.099 on the 1st, pushing above the 20 and 50-bar SMA. However, TRX could not stay at this level and fell back below the 20 and 50-bar SMAs, before pushing back up to $0.100. TRX fell significantly from this level, as the price dropped to $0.081, slipping below the 20 and 50-bar SMAs. TRX pushed up to $0.085 after reaching this level, before dropping to $0.081. TRX made a strong recovery from this level, as it pushed above the 20-bar SMA and the 50-bar SMA, moving to its current level of $0.093.

We can see that the Parabolic SAR has flipped to 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 made a strong recovery during the current week. If the current sentiment persists, we could see TRX push to $0.095.