Join Our Telegram channel to stay up to date on breaking news coverage
The Tron price prediction reveals that TRX is likely to move consistently above the 9-day and 21-day moving averages in the next positive move.
Tron Prediction Statistics Data:
- Tron price now – $0.054
- Tron market cap – $5 billion
- Tron circulating supply – 92 billion
- Tron total supply – 92 billion
- Tron Coinmarketcap ranking – #15
TRX/USD Market
Key Levels:
Resistance levels: $0.062, $0.0.064, $0.0.066
Support levels: $0.050, $0.048, $0.046
According to the daily chart, TRX/USD is likely to stay above the 9-day and 21-day moving averages. In the last few days, the Tron price continues to move sideways within this barrier, and it is likely to shoot to the upside if the bulls increase the buying pressure. Meanwhile, the technical indicator Relative Strength Index (14) is moving above the 50-level, suggesting that further bullish movement could surface in the market.
Tron Price Prediction: Would Tron (TRX) Shoot to the Upside?
As the daily chart reveals, the Tron (TRX) is trading above the 9-day and 21-day moving averages. If the coin continues with this bullish movement, it can reach the upper boundary of the channel, and crossing above this barrier may cause the coin to hit the resistance levels of $0.062, $0.064, and $0.066. At the time of writing, TRX/USD reveals a slight bullish movement with a confirmation that the coin is ready for the upside.
On the contrary, if the coin slide below the 99-day and 21-day moving averages, it could return the coin to the support levels of $0.050, $0.048, and $0.046 respectively. Meanwhile, long-term buyers should not be bothered by the small impact on the road, as the future of TRX is assured according to the technical indicator Relative Strength Index (14).
Against Bitcoin, the Tron price is likely to cross above the 9-day and 21-day moving averages. The technical indicator Relative Strength Index (14) crosses above the 50-level to increase the bullish movement within the market. However, it is likely for the coin to hit the resistance level of 345 SAT and above if the buying pressure increases.
Nevertheless, any bearish cross below the moving averages could bring the coin to the support level of 300 SAT and below. Meanwhile, breaking to the upside could take the coin to a new high, and the market may remain in the bullish zone in the next positive direction.
Nevertheless, many that invest in Impact Token (IMPT) will be able to claim them from December 12, 2022. In order to do this, they will connect the wallets they used to buy the tokens initially, and the token will be dropped into their wallets. Also Uniswap, LBank, and Changelly Pro will list IMPT for trading, once the presale has been concluded. This environmentally friendly project is gaining traction and close to $17 million has been raised in the current IMPT presale.
However, Dash 2 Trade aims to guide all trades to speculate more proficiently. This is because effective risk control parameters are necessary for building robust strategies for initiating winning trades. There is a D2T presale ongoing and time is running out. The presale dashboard launch is coming soon since the product dev is ahead of the schedule. So far, the presale has raised almost $9.5 million.
Related
Join Our Telegram channel to stay up to date on breaking news coverage
