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The Tron price prediction reveals that TRX may cross above the upper boundary of the channel as the coin moves to create additional gains.
Tron Prediction Statistics Data:
- Tron price now – $0.093
- Tron market cap – $8.4 billion
- Tron circulating supply – 88.8 billion
- Tron total supply – 88.8 million
- Tron Coinmarketcap ranking – #10
TRX/USD Market
Key Levels:
Resistance levels: $0.100, $0.105, $0.110
Support levels: $0.085, $0.080, $0.075
Looking at the daily chart, TRX/USD continues to trade above the 9-day and 21-day moving averages as the coin moves to cross above the channel. Today, an early trading session makes the Tron price touch the resistance level of $0.094 level as the gears up for additional gains.
Tron Price Prediction: Would Tron (TRX) Break to the Upside?
The Tron price may stay above the 9-day and 21-day moving averages, and if the resistance of $0.095 gives way, the bull run may come to focus, and the coin may create an additional bullish trend. Therefore, if the coin reaches the resistance level of $0.098, this could further strengthen the market to $0.100, $0.105, and $0.110 resistance levels.
On the downside, a lower possible swing may likely retest to the previous support below the 9-day and 21-day moving averages. However, if the bears manage to fuel the market, traders may expect a further drop to the support levels of $0.085, $0.080, and $0.075. Meanwhile, the 9-day MA remains above the 21-day moving average, indicating that the market may continue to move upward.
TRX/BTC May Consolidates
Against Bitcoin, the Tron price is still hovering below the moving averages, getting ready for the upside. However, the bulls are attempting to push the coin toward the upper boundary of the channel so that the market price may end up closing above it.
Meanwhile, if TRX/BTC crosses below the lower boundary of the channel, it could refresh lows under 250 SAT, and a possible bearish continuation could meet the major support at 223 SAT and below, but if the coin spikes above the 9-day and 21-day moving averages, it could hit the potential resistance at 320 SAT and above.
Alternatives to Tron
The Tron price heads to the north today as the price spikes above the resistance level of $0.092. 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.
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