- Tron TRX price is trading above $0.0152 and $0.0155
- Tron TRX price is facing hurdles near $0.0165 and $0.0168
- There’s a major bearish pattern forming with resistance at $0.0163
Tron news today – The price of Tron TRX is showing positive signs above the $0.0158 area. However, the TRX price must break $0.0168 which is a resistance area to initiate a fresh increase in the near-term outlook. The trading pair could rise if it clears $0.0165 and $0.0168 which are both resistances. Last week, the price of Tron extended its decline below $0.0155. TRX/USD broke the $0.0152 support area before settling below the 55-day SMA via the 4-hour chart. Finally, the coins’ price spiked beneath the $0.0150 area and traded as low as the $0.0149 position. TRX/USD is now recovering higher. It is changing hands at $0.0155 which is a pivot region. Tron broke above the 50% Fib retracement of the downside move from $0.0168 to $0.0149.
TRON (TRX) Price Today – TRX / USD
Tron TRX Price Prediction – Tron Trx Price is Trading Above $0.0152
The price of Tron is trading above $0.0160 and the 55-day SMA via the 4-hour chart. The bulls are facing resistance at $0.0163 and the 76.4% Fib retracement area of the downside move from $0.0168 to $0.0149. There’s a major bearish pattern forming with resistance at $0.0163 via the 4-hour chart. If there’s a break above $0.0163 and $0.0165 both of which are resistances, the price of TRX could continue rising. The main resistance is at $0.0168. Above this point, the coins’ price might surge above $0.0170 and $0.0172. Conversely, the Tron price could drop once more below $0.0160. The 55-day SMA might offer support, but Tron’s price could accelerate after breaking $0.0158. Tron’s next main support is at $0.0155, below this level is the place were the coins’ price will revisit $0.0150.
Tron News Today – The Tron price is Approaching Important Hurdles at $0.0165 and 0.0168
The daily chart shows that the TRX price is approaching several important hurdles at $0.0165 and $0.0168. If the coins’ price fails to continue going higher, then there will be a risk of Tron posting a fresh drop. Looking at it from another angle, the price of Tron may climb above the $0.0170 area in the near-term outlook. The MACD pattern for the TRX/USD pair is currently losing momentum inside the bullish territory. Meanwhile, the RSI for the TRX/USD pair is now seating well above the 50 level. TRX/USD has its key support price positions at $0.0158 and $0.0155. Tron’s key resistance levels are at $0.0165, $0.0168, and $0.0170 respectively. The next few trading sessions will determine what direction the price action will follow near-term. However, with the current bearish market, there is a strong possibility of lower lows.