Tron Price Prediction for Today, March 23: TRX/USD Likely To Step Above $0.065

The Tron price prediction shows that TRX is recovering from the daily opening price at the $0.42 level as the price heads to the upside.

Tron Prediction Statistics Data:

• Tron price now – $0.062
• Tron market cap – $5.6 billion
• Tron circulating supply – 91.1 billion
• Tron total supply – 91.1 billion
• Tron Coinmarketcap ranking – #15

TRX/USD Market

Key Levels:

Resistance levels: $0.070, $0.072, $0.074

Support levels: $0.052, $0.050, $0.048

TRX/USD is likely to cross above the 9-day and 21-day moving averages after touching the daily high at the $0.062 resistance level. At the time of writing, Tron is changing hands at $0.062, having gained over 3.76% since the beginning of the European session. However, with latest the recovery, the digital asset is likely to cross above the moving averages if the buyers increase the buying pressure.

Tron Price Prediction: Can TRX Break Above $0.065?

The Tron price is heading toward the 9-day and 21-day moving averages to create additional gains. However, if the bulls maintain the upward trend, TRON/USD may touch the resistance levels of $0.070, $0.072, and $0.74 to keep the coin on track. In other words, any strong selling pressure below the daily low of $0.059 may drag the price under the lower boundary of the channel.

However, if the Tron price remains below the moving averages, a bearish force could bring the price to the supports of $0.052, $0.050, and $0.048. Meanwhile, the technical indicator Relative Strength Index (14) is facing the 60-level, indicating a bullish movement.

Against Bitcoin, the Tron price is heading to the north as the coin moves to cross above the 9-day moving average. However, following the recent positive sign, the current market movement may continue upward movement if the buyers push the price above the 9-day moving average.

Moreover, as the technical indicator Relative Strength Index (14) faces the north, the market price could hit the resistance level of 280 SAT and above. Meanwhile, a retest below the lower boundary of the channel could lower the price to the support level of 170 SAT and below.

Alternatives to Tron

The Tron (TRX) looks green today and a daily close above the 9-day and 21-day moving averages may increase the market price to $0.065 resistance. However, traders should note that a consistent price increase may bring more buyers into the market as bulls increase their positions. On that note, Love Hate Inu is the world’s first Web3 vote-to-earn cryptocurrency platform, where members can vote on engaging polls. Buyers can use LHINU meme coins to cast their votes on topics such as politics, entertainment, sports, and social issues as almost $2 million has been raised in the presale.