- The Tron price reversed its losses over the weekend, as it pushed back to $0.095
- TRX is currently placed at $0.095, with buyers and sellers looking to control the current session.
The Tron price made a good recovery over the weekend, as buyers pushed the price back above $0.095, with the current session seeing buyers and sellers vying for control. TRX had pushed to $0.100 on Thursday but fell back on Friday, registering a drop of over 8%. However, TRX recovered over the weekend, pushing up by 1.08% on Saturday and over 2% on Sunday to end the weekend on a positive note at $0.095.
Tron Price Chart Indicates TRX Looking To Push to $0.100
The Tron price started the previous weekend on a positive note, as buyers pushed the price up by 1.73% on Saturday, and 1.20% on Sunday, moving TRX to $0.107. However, the price fell back on Monday by over 5%, slipping below the 50-day SMA and settling at $0.101. TRX posted a recovery on Tuesday, pushing above the 50-day SMA and settling at $0.103, but fell back on Wednesday, as sellers pushed the price down significantly. TRX dropped by 4.57% on Wednesday, slipping below the $0.100 level and settling at $0.098.
Image: TRX/USD daily
After Wednesday’s drastic fall, the Tron price recovered on Thursday, as it pushed up to $0.100 after registering an increase of 1.93%. However, the price fell back on Friday by over 8%, slipping below $0.100 again and settling at $0.092. The weekend saw TRX recover, as buyers pushed the price up by 1.08% on Saturday, with the bullish sentiment persisting on Sunday, with the price rising by 2.19% and settling at $0.095. The current session sees buyers and sellers struggling for control, with the price still settled at $0.095.
We can see that the MACD is currently bearish; however, if the price pushes up, 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 dropped to $0.103 on the 22nd, slipping below the 20 and 200-bar SMAs. With the 20-bar SMA now acting as resistance, TRX dropped further, falling to $0.097 on the 24th. The price pushed back up from this level, rising to $0.100 but could not get past the 20-bar SMA and dropped sharply to $0.091. TRX rose to $0.094 from this level before dropping to $0.090 and then pushing up to its current level of $0.095, moving above the 20-bar SMA.
We can see that the Parabolic SAR has flipped to bullish, indicating that the price could rise further.
Tron Price Is Expected To Reach These Levels
Looking at the Tron price chart, we can see that TRX has made a strong recovery over the weekend. If the current trend persists, we could see the price move towards $0.100.