- The Tron price has registered a recovery during the current session and is currently up by nearly 2%.
- TRX had registered a sharp drop on Tuesday, falling by over 5%.
The Tron price is looking to recoup its losses and has climbed back up to $0.078, as it looks to push back above $0.080. TRX was quite bullish over the weekend, with the price in the green both on Saturday and Sunday, ending the weekend at $0.081. TRX remained at $0.081 on Monday before the price dropped significantly on Tuesday and settled at $0.077.
Tron Price Chart Indicates TRX Looking To Push Above $0.080
The Tron price started the previous week in the red, dropping by over 3% on Monday and settling at $0.077. However, the price recovered on Tuesday, registering an increase of 1.79% to move to $0.078, before registering a marginal drop on Wednesday. However, the price was back in the green on Thursday, rising by over 5% and settling at $0.082, before falling back in the red on Friday, falling by over 2%, and settling at $0.080.
Image: TRX/USD daily
After dropping to $0.080 on Friday, the Tron price recovered over the weekend, rising by 1.09% on Saturday to move to $0.081, before registering another marginal increase on Sunday to end the weekend on a positive note. On Monday, the price remained at $0.081 before falling back in the red on Tuesday, falling by over 5% and settling at $0.077. The current session sees TRX back in the green as buyers look to push the price to $0.080.
The Parabolic SAR is currently bearish, indicating that the price could drop. However, if the price recovers, we could see it flip to bullish.
Image: TRX/USD 4-hour
Looking at the 4-hour Tron price chart, we can see that TRX had pushed above the 50-bar SMA on the 24th when the price rose to $0.082. The price fell back from this level, falling below the 20-bar SMA and dropping to $0.080. However, the price pushed back up from this level, and with the 20-bar SMA acting as support, pushed up to $0.081 before dropping back below the 20 and 50-bar SMAs to $0.079. TRX made a strong recovery from this level, rising back above the 20 and 50-bar SMAs and moving to $0.082. However, the price could not stay at this level and slipped back below the 20 and 50-bar SMAs, moving to its current level of $0.078.
We can see that the MACD is currently bearish, but if the price continues to increase, we could see it flip to bullish.
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 ongoing session. If the current sentiment persists, we could see TRX push to $0.080.