Tron Price Analysis: TRX Unable To Make Substantial Gains, Moves To $0.077

Daily Tron Price Prediction

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Last Updated January 4th 2022
3 Min Read
  • The Tron price was able to move to $0.077 on Sunday, rising by 1.58%. 
  • The current session sees TRX register a marginal drop, as buyers and sellers struggle to control the session. 

The Tron price has started the week on a fairly bearish note, with TRX down marginally as sellers look to control the market. TRX had dropped by over 3% on Friday, starting the weekend on a bearish note. The price recovered over the weekend, rising by 1.46% on Saturday, then registering an increase of 1.58% on Sunday to end the weekend on a positive note at $0.77. The current session sees buyers and sellers struggling to control the market, with TRX pushing to $0.078. 

Tron Price Chart Indicates TRX Looking To Push To $0.080 

The Tron price had started the previous weekend on a fairly positive note, rising by 1.10% on Saturday. Sunday saw TRX register a marginal increase, as TRX ended the weekend at $0.081. The price remained at $0.081 on Monday before falling back on Tuesday, dropping by over 5% and settling at $0.077. Wednesday saw TRX remain in the red, as the price dropped by 1.04% and settled at $0.076.

Image: TRX/USD daily

Image: TRX/USD daily chart 010422

After dropping to $0.076 on Wednesday, the Tron price recovered on Thursday, rising by 1.43% and moving to $0.077. However, the price fell back on Friday, dropping by over 3% and falling to $0.075. The weekend saw TRX post a recovery, with the price rising by 1.46% on Saturday. TRX then rose by 1.58% on Sunday, settling at $0.077, ending the weekend on a positive note. The current session sees buyers and sellers struggling to control the session. We can see that the Parabolic SAR is bearish, but if TRX can move past the 20-day SMA, we could see it flip to bullish.

Image: TRX/USD 4-hour

Image: TRX/USD 4-hour chart 010422

Looking at the 4-hour Tron price chart, we can see that TRX had dropped below the 20-bar SMA, falling to $0.077 on the 28th. The price pushed up to $0.078 from this level but fell back, dropping to $0.076 on the 30th. From this level, TRX rose to $0.078 but could not push past the 20-bar SMA and fell back, dropping to $0.074 on the 31st. TRX made a strong recovery from this level, rising to $0.076, and then pushed above the 20-bar SMA, rising to $0.077. TRX is still at $0.077, and with the MACD and Parabolic SAR bullish, we could see the price push higher.

Tron Price Is Expected To Reach These Levels

Looking at the Tron price chart, we see that buyers and sellers are looking to control the current session. If buyers can control the session, we could see TRX push towards $0.080. However, if sellers take control, TRX could drop towards $0.075.