Tron Price Prediction: TRX Recovers, Looks To Push To $0.090

Daily tron Technical Analysis

Last Updated December 8th 2021
3 Min Read
  • The Tron price has posted a strong recovery during the week, as the price pushes back towards $0.095
  • TRX had been extremely bearish over the weekend and had dropped by over 7% on Saturday. 

The Tron price continued to push up during the current session, with the price currently up by over 3%. TRX had dropped by almost 3% on Friday, dropping to $0.094. On Saturday, the crash was in full swing as TRX dropped by over 7%, slipping below $0.090 and settling at $0.087. Sunday saw TRX continue to drop, slipping below the 200-day SMA and settling at $0.084. However, after reaching this level, the price recovered, rising to $0.087 on Monday, pushing up by almost 4%. 

Tron Price Chart Indicates TRX Could Push To $0.095 

The Tron price started the previous week on a bullish note, as it pushed up by over 2% on Monday. On Tuesday, the price did not see much movement as it registered a marginal drop, with Wednesday also seeing the same scenario prevail. Thursday saw TRX push up marginally, rising by 0.60%, but then fell back on Friday, dropping by almost 3% and settling at $0.094.

Image: TRX/USD daily chart 120821

Image: TRX/USD daily

After dropping by 2.88% on Friday, the Tron price fell further on Saturday due to the market crash. TRX dropped over 7% on Saturday, slipping below $0.090 and settling at $0.087. On Sunday, the bearish sentiment persisted as the price slipped below the 200-day SMA and settled at $0.084. TRX recovered on Monday as the price pushed up by 3.99%, pushing above the 200-day SMA and moving to $0.87. The current session sees the price up to $0.090, with buyers in control.

We can see that the Parabolic SAR is currently bearish; however, if the price continues to push up, we could see it flip to bullish.

Image: TRX/USD 4-hour chart 120821

Image: TRX/USD 4-hour

The 4-hour Tron price chart shows us that TRX had pushed to $0.098 on the first, as TRX pushed above the 50-bar SMA. TRX was able to stay at this level for the next few sessions before rising to $0.100 on the 3rd. After reaching this level, the price turned bearish, as it slipped below the 20 and 50-bar SMAs and settled at $0.081. The price pushed up from this level, rising to $0.087, but fell to $0.081. TRX pushed up from this level, rising above the 20-bar SMA and moving to its current level of $0.090.

We can see that the MACD has flipped to bullish, indicating that the price could push higher.

Tron Price Is Expected To Reach These Levels

Looking at the Tron price chart, we see that TRX has made a strong recovery during the week. If the current sentiment persists, we could see the price push to $0.095.