The Tron price prediction shows that TRX is beginning to restart the uptrend after trading below the 9-day and 21-day moving averages.
Tron Prediction Statistics Data:
- Tron price now – $0.085
- Tron market cap – $7.6 billion
- Tron circulating supply – 89.7 billion
- Tron total supply – 89.7 billion
- Tron Coinmarketcap ranking – #10
Resistance Levels: $0.100, $0.110, $0.120
Support Levels: $0.070, $0.060, $0.050
TRX/USD heads to the north today as the price spikes above the resistance level of $0.090. However, a positive cross above the upper boundary of the channel may increase the Tron price to $0.095 resistance. However, traders should note that a consistent price increase may bring more buyers into the market as bulls increase their positions.
Tron Price Prediction: Price May Begin to Break Higher
The Tron price is already making a positive move toward the upper boundary of the channel; crossing above this barrier could confirm the bullish movement for the coin. Moreover, the daily chart reveals that if the 9-day moving average remains above the 21-day moving average, the coin will begin to move to the upside. Meanwhile, the bears could take advantage of the current market value if they step back into the market.
On the same note, the technical indicator Relative Strength Index (14) is moving to cross into the overbought region, which shows that the market is ready for the upside. Nevertheless, if the Tron price crosses above the upper boundary of the channel, it could hit the resistance levels at $0.100, $0.110, and $0.120 but facing the south may bring the price to the supports at $0.070, $0.060, and $0.050 respectively.
Against Bitcoin, the Tron price is hovering above the 9-day and 21-day moving averages. However, the intraday trading is ranging as the coin stays above the moving averages, any bullish movement above the upper boundary of the channel could reach the resistance level at 350 SAT and above.
Therefore, if the sellers bring the market to the south, traders can expect a fall below the lower boundary of the channel, and breaking below this barrier may touch the support at 220 SAT and below. Meanwhile, at the moment, the technical indicator Relative Strength Index (14) is moving to cross above the 70-level, suggesting bullish movement.
The Tron price continues to trade above the 9-day and 21-day moving averages within the channel. The cryptocurrency is trying to create a higher ground above the resistance level of $0.110, and should the buyers keep the coin above the moving averages, it may remain on the upside.
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