Tron’s (TRX/USD) Price Is Targeting $0.72 Resistance Level

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


Buyers may continue to dominate the Tron market

TRON Price Analysis – 15 February

Tron may rise to the $0.070 resistance level before it tests the $0.072 level when buyers exert more pressure and the daily candle crosses over and closes over the $0.069 threshold. If the bears’ momentum pushes through the $0.066 support level, the price of Tron could fall to $0.064 and $0.061 levels.

Key Levels:

Resistance levels: $0.069, $0.070, $0.072

Support levels: $0.066, $0.064, $0.061

TRX/USD Long-term Trend: Bullish

On the daily chart, Tron is in green mode. Bullish momentum caused the price to surpass the previous resistance levels of $0.061, $0.064 and $0.066 after the price rebounded off the $0.052 support level. Yesterday, the bulls felt confident enough to try to break through the $0.066 resistance level. Bulls picked up steam and broke through the mentioned level and currently, the price is trying to break up $0.066 resistance level.

Ahead of both the slow and rapid moving averages, Tron is now trading. The price may rise to the $0.070 resistance level before it tests the $0.072 level when buyers exert more pressure and the daily candle crosses over and closes over the $0.069 threshold. If the bears’ momentum pushes through the $0.066 support level, the price of Tron could fall to $0.064 and $0.061 levels.

TRX/USD Medium-term Trend: Bullish

On the 4-hour chart, Tron is moving higher. The market was dominated by buyers at the start of the week, and the price inclined to the $0.064 level. The buyers’ upward momentum is increasing towards $0.066 resistance level. In their attempt to break over the $0.066 resistance level, buyers had the advantage. Tron’s price is currently firmly pressed against the $0.069 resistance level..

Indicating a positive momentum, Tron is currently trading above both the 9-period and 21-period exponential moving averages. Relative Strength Index period 14 signal line is at 77 levels and pointing up, giving a purchase signal.

You can purchase crypto coins here: Buy LBLOCK

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • 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
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 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.