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

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon
Post a Comment
Read more

British financial regulator criticizes cooperation between Binance and Paysafe

  The British financial regulator FCA has expressed concerns about the partnership between market-leading crypto exchange Binance and payment service provider Paysafe. As the British regulator complains, the partnership gives Binance access to the influential British payment network Faster Payments Service (FPS), from which the crypto exchange was previously cut off. Last June, the FCA ordered Binance to stop all business activities in Great Britain. As a result, prominent banks such as Barclays have terminated their cooperation with the leading crypto trading platform . Through the cooperation with Paysafe, Binance can now again offer deposits in British pounds sterling and transactions within the European Payments Area (SEPA). However, this fact is a thorn in the side of the FCA, as it classifies the crypto exchange as a “considerable risk factor”. However, the financial regulator sees little room for maneuver to counteract this, as the Financial Times reports . “ Paysafe understands
Post a Comment
Read more