Tron Price Prediction: TRX Back Above $0.090 After Slipping To $0.087 on Friday

Daily Tron Technical Analysis

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Last Updated December 13th 2021
3 Min Read
  • The Tron price slipped below $0.090 over the weekend, slipping to $.087.
  • TRX has recovered since, rising by almost 5% on Saturday to push back to $0.091. 

The Tron price has dropped marginally during the ongoing session, as buyers and sellers struggle to control the market. TRX had dropped over 4% on Thursday, settling at $0.088 before slipping to $0.087 on Friday after registering a marginal drop. However, the price recovered on Saturday, pushing up by almost 5%, and settling at $0.091. 

Tron Price Chart Indicates Buyers And Sellers Struggling For Control 

The Tron price started the previous weekend on an extremely bearish note, registering a drop of almost 3% on Friday, and dropping to $0.094. TRX continued to drop over the weekend, registering a drop of almost 8% on Saturday, and a drop of 3.54% on Sunday, pushing the price below the 200-day SMA to $0.084. However, Monday saw TRX recover, pushing back above the 200-day SMA and settling at $0.087. Tuesday saw another increase, with the price rising by 2.50% and settling at $0.089.

Image: TRX/USD daily chart 121321

Image: TRX/USD daily

After pushing up to $0.089 on Tuesday, the Tron price continued to increase Wednesday, rising to $0.092, after rising by over 3%. However, the price fell back on Thursday, dropping to $0.088 and then to $0.087 on Friday, after registering a marginal drop. However, Saturday saw TRX make a strong recovery, as the price pushed up by almost 5% and settled at $0.091. The current session sees TRX down marginally, although maintaining its $0.091 level.

We can see that the Parabolic SAR is currently bullish. However, if sellers retake the session, we could see it flip to bearish.

Image: TRX/USD 4-hour chart 121321

Image: TRX/USD 4-hour

Looking at the 4-hour Tron price chart, we see that TRX dropped to $0.081 on the 6th. The price pushed back from this level, pushing above the 20-bar SMA on the 7th, and moving to $0.091, where the 50-bar SMA was acting as resistance. As a result, the price fell marginally to $0.090 before rising above the SMA and settling at $0.093. The price then fell back, slipping below the 20 and 50-bar SMAs and settling at $0.088. The see-saw continued with TRX pushing back above the two SMAs and settling at $0.092 before dropping back below them to $0.087. Currently, the price is at $0.091, and with the MACD and Parabolic SAR both bullish, 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 slipped during the ongoing session. If sellers retain the session, we could see TRX drop below $0.090, but if buyers retake the session, TRX could push to $0.095.