Skip to main content

TRON price forecast: will the TRX price break out bullishly?

 


The TRON price is currently struggling with the 200-day EMA at around USD 0.07, while the 50-day EMA serves as support at around USD 0.068.


TRON price is struggling with 200-day EMA resistance

The TRON course is currently giving mixed signals, with a bullish tendency. On the daily chart, the EMAs are still in a death cross, confirming the trend for the short-term. However, the EMAs are converging and while the 50-day EMA is serving as support at around $0.0684, the 200-day EMA is acting as significant resistance at around $0.07, where TRON has already been rejected multiple times.


If the TRX price bullishly breaks the 200-day EMA at around USD 0.07, the next significant Fibonacci resistance awaits at around USD 0.075. Additionally, MACD histogram is ticking bullish higher while MACD lines are bullish crossovers. The RSI is neutral and gives neither bullish nor bearish signals.


In the weekly chart, the TRX course is bullish


In addition, the 50-week EMA is located at around USD 0.0713, which also acts as a significant resistance. If TRON breaks this resistance and in the course of this also the golden ratio at around USD 0.075, the TRX price could rise to the next Fib resistance at around USD 0.1.


In addition, the histogram is also ticking bullishly higher in the weekly chart and the MACD lines are bullishly crossed. In addition, the RSI gives neither bullish nor bearish signals even in the weekly chart.


TRON price has been closing higher for months


The monthly chart is really interesting because the TRX price has been gradually closing higher for a few months. The series of higher monthly closing prices basically points to a bullish breakout. Should TRON break past the golden ratio around USD 0.075 and USD 0.1, the crucial key resistance awaits around USD 0.13 before TRON finds itself back in a new bull cycle.


TRON price is on the verge of a bullish breakout

Against BTC, the TRON course is about to have a bullish breakout. Should TRON break the golden ratio at around 0.00000312 BTC, the next significant Fib resistance awaits at around 0.00000821 BTC. In the event of a bullish breakout, the TRX price could almost triple. In addition, the MACD in the monthly chart is clearly bullish, because the MACD lines are bullishly crossed and the histogram is ticking bullishly higher.


So far, however, TRON has been bearishly rejected at the golden ratio resistance around 0.00000312 BTC and is now finding significant support at the 50-month EMA at the 0.382 Fib level at around 0.0000027 BTC.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more