Tron Price Prediction: TRX Surges, Pushes Past $0.065 

Daiy Tron TRX Technical Analysis

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Last Updated February 7th 2022
2 Min Read
  • The Tron price has made a strong recovery during recent sessions and had pushed up to $0.065 during the ongoing session. 
  • TRX had surged by over 8% on Friday, moving past the 20-day SMA. 

The Tron price continued its bullish trajectory over the weekend and pushed up to $0.065, as buyers continued to push the price higher. TRX has been bullish since Thursday when it pushed up over 2% and moved to $0.060. On Friday, the price continued to push higher, surging past the 20-day SMA and settling at $0.064. The weekend saw TRX continue to remain bullish, pushing up by 0.21% on Saturday and then above $0.065 during the ongoing session. 

Tron Price Chart Indicates TRX Could Push Towards $0.070 

The Tron price went into the previous weekend on a fairly positive note, rising by 1.49% on Friday and moving to $0.057. TRX remained bullish over the weekend, rising by over 5% on Saturday and moving to $0.060 before dropping by 2.52% on Sunday and ending the weekend at $0.058. Monday saw TRX back in the green, as the price pushed up by 0.87% and then rose by 1.21% on Tuesday and settled at $0.060. However, TRX fell back again from this level, dropping by over 2% on Wednesday and settling at $0.058. 

Image: TRX/USD daily

TRX/USD daily chart 020722

After dropping by over 2% on Wednesday, the Tron price recovered on Friday, rising by 2.32% and moving to $0.060, before surging by over 8% on Friday, moving past the 20-day SMA and settling at $0.064. The weekend saw TRX remain in the green, as the price registered a marginal increase on Saturday. Currently, TRX is at $0.065, as buyers look to push the price higher.

We can see that the MACD is currently bullish, indicating that we could see the price push higher.

Image: TRX/USD 4-hour

TRX/USD 4-hour chart 020722

Looking at the 4-hour Tron price chart, we can see that TRX had dropped to $0.057 on the 31st, slipping below the 20-bar SMA. TRX made a strong recovery from this level, pushing back above the 20-bar SMA and moving to $0.059. TRX continued to push higher, rising to $0.060 before dropping back below the 20-bar SMA and falling to $0.058. With the 20-bar SMA now acting as resistance, TRX could not push past the 20-bar SMA until the 4th, when it surged to $0.063. The price continued to push higher, moving above the 200-bar SMA and settling at $0.066 before dropping to its current level of $0.065.

We can see that the Parabolic SAR and MACD are both bullish, indicating that 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 been extremely bullish over the past few sessions. If the current sentiment persists, we could see the price move towards $0.070.