TRON (TRX/USD) Price May Decrease Further Below $0.079 Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Sellers are dominating TRON market

TRON Price Analysis – 26 July

In case the price of Crypto rises past the $0.082 resistance level and buyers remain active, the $0.085 and $0.090 resistance levels might be overcome. The price of TRON may drop to $0.079 and $0.077 levels if the sellers’ momentum exceeds the $0.081 support level.

Key Levels:

Resistance levels: $0.082, $0.085, $0.090

Support levels: $0.081, $0.079, 0.077

TRX/USD Long-term Trend: Bullish

TRON is increasing on the daily chart. On 20 June, the bullish trend started at the $0.67 support level as the bears lost steam. $0.072, the previous resistance level, was breached. Bullish pressure was able to get through the first challenge. Once a large daily bullish candle appeared, the price began to rise more. The previously-resistance levels of $0.077, $0.079, and $0.081 now function as support levels. The current level of resistance for the coin is $0.082.

As the two EMAs parted, the coin traded above the dynamic resistance levels. In case the price of Crypto rises past the $0.082 resistance level and buyers remain active, the $0.085 and $0.090 resistance levels might be overcome. The price of TRON may drop to $0.079 and $0.077 levels if the sellers’ momentum exceeds the $0.081 support level.

TRX/USD Medium-term Trend: Bearish

The movement of TRON is bearish on the 4-hour chart. The price began to soar higher as the bulls gained momentum after the formation of a double bottom, a bullish reversal chart pattern. As they picked up speed, the price exploded past $0.079 and $0.81 levels. The price reached the resistance level of $0.094 level. Sellers opposed the movement and the price is declining at the moment.

TRON is currently hovering around exponential moving averages into 9 and 21 periods. The relative strength index’s period 14 signal line is pointing lower at level 50, providing a sell signal that could be a reversal.

You can purchase crypto coins here: Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *