TRON (TRX/USD) Price Breaks Above $0.109 Targeting $0.112 Level
Login

TRON (TRX/USD) Price Breaks Above $0.109 Targeting $0.112 Level

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Buyers are taking over TRON’s market

TRON Price Analysis – 03 January

In case the purchasing trend sustains over the resistance level at $0.112, the price of TRON can break through the $0.120 and $0.128 barriers. Should selling continue, TRON might be able to cross the $0.104 and $0.101 support levels if it falls below $0.109.

Key Levels:

Resistance levels: $0.112, $0.120, $0.128

Support levels: $0.109, $0.104, $0.101

TRX/USD Long-term Trend: Bullish

TRON is experiencing a bullish breakout on the daily chart. The Crypto was on the ranging movement between $0.109 and $0.101 levels since two weeks ago. Efforts made by the sellers to break down the support level of $0.101 proved abortive. Buyers tried yesterday but the sellers opposed the movement. At the moment, buyers are trying to break up the resistance level of $0.109.

TRON (TRX/USD) Price Breaks Above $0.109 Targeting $0.112 Level

The fast EMA has crossed above the slow EMA, the coin’s price is heading above both EMAs, indicating a bullish market. If the purchasing trend sustains over the resistance level at $0.112, the price of TRON can break through the $0.120 and $0.128 barriers. Should selling continue, TRON might be able to cross the $0.104 and $0.101 support levels if it falls below $0.109.

TRX/USD Medium-term Trend: Bullish

TRON is bullish on the 4-hour chart. Last two weeks, the bulls’ excitement subsided when TRON attempted to breach the $0.109 barrier but was unable to do so. For more than a week, it reversed at the same rate and the price remained within the barrier levels of $0.109 and $0.101. As the price gets closer to $0.109, buyers persist and is breaking through the previously indicated threshold. Bulls are still applying pressure, and the price is targeting $0.112 level.

TRON (TRX/USD) Price Breaks Above $0.109 Targeting $0.112 Level

At the moment, 9-day period crossing the 21-day period upside, the price of TRON is higher than the exponential moving averages. The period 14 signal line of the relative strength index is rising at level 56, suggesting a possible upward trend.

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

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News