Tron Price Prediction for Today, September 2

Tron Price Prediction for Today, September 2 – TRX Technical Analysis

Updated: 02 September 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Tron price prediction shows that TRX is down by 0.62% in the last few hours as the coin touches the support level of $0.075.

Tron Prediction Statistics Data:

Tron price now – $0.076
Tron market cap – $6.8 billion
Tron circulating supply – 89.3 billion
Tron total supply – 89.3 billion
Tron Coinmarketcap ranking – #10

TRX/USD Market

Key Levels:

Resistance levels: $0.085, $0.087, $0.089

Support levels: $0.068, $0.066, $0.064

Tron Price Prediction for Today, September 2 - TRX Technical Analysis — TRXUSD – Daily Chart

TRX/USD touches the daily high at $0.077 before giving a bearish signal at the time of writing, the coin is likely to slide below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) heads to the downside. Meanwhile, a break below the support level of $0.075 could give the market enough strength to dig dip.

Tron Price Prediction: Price May Nosedive Below $0.075 Support

The Tron price is showing a sign of weakness as the coin is down by 0.62%, reflecting a price drop in the market. Meanwhile, the fall might become heavy if the bearish action continues within the channel. However, since the Tron price is moving bearishly, traders can expect the trend to keep advancing lower if the price actions slide below the moving averages.

Meanwhile, a breakout to the upside could strengthen the bulls and push the price to the resistance levels of $0.085, $0.087, and $0.089. Moreover, any breakdown might lead the market in a bearish scenario if the price heads to the south, it could also reach the supports at $0.068, $0.066, and $0.064.

TRX/BTC Heads to the North

Against BTC, the Tron price is yet to cross above the upper boundary of the channel as the coin crosses above the 9-day moving average. On the contrary, if the selling pressure returns, the Tron (TRX) may create another low. At the moment, the technical indicator Relative Strength Index (14) is hovering above the 60-level, suggesting that the market may follow a sideways movement.

Nevertheless, the Tron (TRX) is currently hovering at 296 SAT, and if the coin crosses below the 9-day and 21-day moving averages, traders may expect close support at 270 SAT and below. But, if the bullish movement continues and breaks above the channel, traders can then confirm a bull run for the market, and the nearest resistance level could be located at 330 SAT and above.

Alternatives to Tron

The Tron price is seen moving in a narrow trading range after a bullish rally failed to materialize. The early daily rally toward the $0.078 level failed to generate sustainable gains, with TRX/USD trading within the 9-day and 21-day moving averages.

That being said, in the context of $WSM, there are no team tokens. Wall Street Memes has a vibrant and thriving community, and the wisest course of action is to acquire the token now, not at a later time. Concurrently, the token has already gathered over $25 million as the countdown to its official launch progresses.

New OKX Listing - Wall Street Memes

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