TRON (TRXUSD) Price Is Going Long

TRON (TRXUSD) Price Forecast: March 6

TRXUSD price is going long at the moment. The coin price sends a clear bullish signal trading above the EMA line indicating buyers are making solid progress. The crypto gave a bullish breakout from the $0.242 value, suggesting buyers are making a recovery attempt. Consequently, if the crypto’s price remains above the $0.448 high mark, the possible rally could accelerate to the $0.460 upper resistance level and beyond, as potential future gains are guaranteed.

Key Levels:
Resistance Levels: $0.304, $0.305, $0.306
Support Levels: $0.186, $0.185, $0.184

TRON (TRXUSD) Long-term Trend: Bullish (Daily Chart)

The long–term chart of TRON shows that the price is going long. The coin price is above the moving average making higher highs and higher lows, indicating an uptrend. The upward trend will likely continue following the increasing volume by the bulls.
The successful breakout by the bulls to the $0.244 supply value in the last session also contributed to the crypto price going long in the recent high.

The TRXUSD price is going long as we can see from the daily chart. After completing the low at $0.227, buyers increased the crypto price to the $0.242 high value above the EMA-50 to open the daily chart today, trying to replenish the bullish momentum.

Thus, if this bullish growth pattern is steady, an established uptrend will be achieved.

Additionally, due to an upward momentum shown by the price indicator, the TRON price might continue going long to retest the $0.448 resistance level and expose the coin price to the $0.460 upper high level soon in its long-term outlook.

TRX (USD) Medium-term Trend: Bullish (4H Chart)

The TRON price is going long on the medium-term chart. The price currently trades above the EMA making higher highs and moving towards the major upper resistance area.

The successful breakout by the bulls to the $0.232 supply value in the past few hours has enabled the coin market to go long and retain its bullish strength lately.

The TRON price currently trades at a $0.242 high value above the EMA line and shows intraday gains, due to the high impact of the buy investors on the coin market; likewise, the downside risk remained uncertain.

Notably, the TRXUSD pair may continue to go long and this may continue as shown by the daily signal pointing upwards. Therefore, the upward rally might reach the $0.460 upper resistance trend line in the days ahead in its medium-term outlook.

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